South Korea and the Philippines signed a free trade pact Thursday in a move expected to bolster bilateral economic and industry ties, Seoul’s industry ministry said.

The two nations concluded the bilateral Free Trade Agreement (FTA) in June 2021 aft…

South Korean President Yoon Suk Yeol and Cambodian Prime Minister Hun Manet agreed Thursday to further expand bilateral trade by actively using their recently implemented free trade agreement, the presidential office said.

The two leaders held their…

SK hynix Inc. said Thursday it began an internal investigation into how its memory chips ended up in a new smartphone made by Huawei Technologies Co.

Bloomberg News previously reported that the South Korean chipmaker’s DRAM — LPDDR5 — and NAND Fla…

Today (%) Previous Session(%) Change (BP)

1-year TB 3.568 3.514 +5.4

2-year TB 3.867 3.795 +7.2

3-year TB 3.847 3.765 +8.2

10-year TB 3.969 3.893 +7.6

2-year MSB 3.872 3.804 +6.8

3-year CB (AA-) 4.599 4.521 +7.8

91-day CD None None None
…

Seoul shares ended lower Thursday amid investor concerns that the U.S. Federal Reserve may raise interest rates further this year following stronger-than-expected economic data. The Korean won fell against the U.S. dollar.

The benchmark Korea Compos…

Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it has resumed operations at one of its eight domestic plants affected by a fire in its paint shop.

Kia’s No. 3 plant in Hwaseong, just south of Seoul, had been suspended since…

South Korea’s top central banker will attend meetings of the Bank for International Settlements (BIS) to be held in Switzerland early next week, his office said Thursday.

Rhee Chang-yong, head of the Bank of Korea (BOK), will leave for Basel on Satu…

South Korea’s financial regulator on Thursday asked foreign securities firms to beef up efforts to prevent illegal stock short selling amid an increase in such cases.

The Financial Supervisory Service (FSS) made the request in a meeting with complia…

Seoul shares extended losses late Thursday morning as investors remain cautious on whether the U.S. Federal Reserve will raise rates further this year following better-than-expected economic data.

The benchmark Korea Composite Stock Price Index (KOS…