Corporate loan growth in South Korea slowed in the first quarter of this year from three months earlier, central bank data showed Friday, as companies borrowed more to fund their operations.
The outstanding loans extended to local companies came to …
Today (%) Previous Session(%) Change (BP)
1-year TB 3.341 3.349 -0.8
2-year TB 3.362 3.379 -1.7
3-year TB 3.319 3.345 -2.6
10-year TB 3.401 3.430 -2.9
2-year MSB 3.344 3.366 -2.2
3-year CB (AA-) 3.746 3.771 -2.5
Source: Yonhap News Agency
SK Group Chairman Chey Tae-won had held a meeting with C.C. Wei, chairman of Taiwan Semiconductor Manufacturing Co. (TSMC), in Taiwan and they discussed bolstering cooperation on artificial intelligence (AI) chip technologies, SK Group said Friday.
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South Korean stocks traded higher late Friday morning, backed by advances in chipmakers and battery makers.
The benchmark Korea Composite Stock Price Index had gained 22.02 points, or 0.82 percent, to 2,711.52 as of 11:20 a.m.
Overnight, the U.S. s…
A potential discovery of oil and gas reserves off South Korea’s East Sea is “highly prospective,” Vitor Abreu, the owner of the U.S. geoscience research company Act-Geo behind the project, said Friday, citing the presence of hydrocarbons in the offsh…