S. Korea to use homegrown transmission for K2 tanks

South Korea’s defense authorities approved on Monday a plan to build K2 battle tanks with a homegrown transmission system, the state arms procurement agency said.

Under the plan endorsed by the Defense Project Promotion Committee, K2 tanks will be eq…

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S. Korean Bond Yields on Oct. 28, 2024

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

1-year TB 2.873 2.851 +2.2

2-year TB 2.938 2.896 +4.2

3-year TB 2.932 2.882 +5.0

10-year TB 3.117 3.054 +6.3

2-year MSB 2.926 2.880 +4.6

3-year CB (AA-) 3.503 3.451 +5.2

91-day CD 3.410 3.400 +1.0

Sou…

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(LEAD) LG Chem Q3 net jumps 73 pct on one-off gains

LG Chem Ltd., South Korea’s leading chemical firm, said Monday its third-quarter net profit jumped 73 percent from a year earlier, helped by one-off gains.

Net profit for the three months ended in September soared to 1.01 trillion won (US$729 million…

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