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Home » Archives for October 28, 2024 » Page 4

October 28, 2024

(2nd LD) N. Korea claims S. Korean drone took off from western border island in Oct. for incursion into Pyongyang

October 28, 2024

North Korea said Monday that its analysis of the flight log of a drone that crashed in Pyongyang earlier this month showed it took off from a South Korean border island in the Yellow Sea, insisting that the South Korean military is behind what it clai…

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Chinese provincial gov’t officials in S. Korea amid push for improvement in bilateral ties

October 28, 2024

A Chinese delegation of mid-level provincial government officials is visiting South Korea this week as part of efforts to boost cooperation and exchanges between the two neighboring countries, Seoul’s foreign ministry said Monday.

The delegation, mad…

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S. Korean Bond Yields on morning of Oct. 28, 2024

October 28, 2024

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

1-year TB 2.874 2.851 +2.3

2-year TB 2.944 2.896 +4.8

3-year TB 2.933 2.882 +5.1

10-year TB 3.112 3.054 +5.8

2-year MSB 2.928 2.880 +4.8

3-year CB (AA-) 3.504 3.451 +5.3

Source: Yonhap News Agency

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Seoul shares up late Mon. morning on gains from battery shares

October 28, 2024

South Korean stocks traded higher late Monday morning, led by strong performance by battery shares.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 13.16 points, or 0.51 percent, to 2,596.43 as of 11:20 a.m.

EV battery makers led the …

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(2nd LD) LG Energy Q3 net rises 34 pct on one-off gains

October 28, 2024

LG Energy Solution Ltd., South Korea’s leading battery maker, said Monday its third-quarter net profit surged 34 percent from a year earlier on one-off gains.

Net profit for the three months to September rose to 561.3 billion won (US$404 million) fro…

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Doosan Bobcat Q3 net income down 66 pct to 64.3 bln won

October 28, 2024

Doosan Bobcat Inc. on Monday reported its third-quarter net income of 64.3 billion won (US$46.4 million), down 66 percent from a year earlier.

Operating income for the July-September period was 125.7 billion won, down 57.8 percent from a year ago, th…

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S. Korea discusses sustainable fishing in Antarctic with global partners

October 28, 2024

The oceans ministry said Monday that it discussed sustainable fishing and marine conservation with global partners during an international meeting on the Antarctic environment.

South Korea participated in the Commission for the Conservation of Antarc…

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DGB Financial Group Q3 net profit down 16.6 pct to 100.4 bln won

October 28, 2024

DGB Financial Group on Monday reported its third-quarter net profit of 100.4 billion won (US$72.5 million), down 16.6 percent from a year earlier.

The company said in a regulatory filing that operating profit for the July-September period fell 28.2 p…

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Court orders state compensation in cold case of master sergeant’s death

October 28, 2024

A Seoul court has ordered the state to pay 90 million won (US$64,808) in compensation to the bereaved family of an Army master sergeant whose death became a cold case due to a flawed military investigation, judicial officials said Monday.

In 2001, a …

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(LEAD) S. Korea to utilize up to 16 tln won of state funds amid massive tax revenue shortfall

October 28, 2024

The finance ministry said Monday that the government will utilize foreign exchange equalization funds and other resources available while slashing local subsidies to deal with the expected massive tax revenue shortfall this year.

The government is pr…

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