Insurance companies in South Korea posted a slight growth in their net profit in the first six months of the year from a year earlier but solely on a rise in the income of non-life insurers, data showed Monday.
The combined net income of 22 life ins…
GM Korea Co., the South Korean unit of General Motors Co., said Monday its August sales plummeted over 50 percent from a year earlier due to production delays caused by a partial strike over wages.
GM Korea sold 15,634 vehicles last month, down 50.7…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.061 3.060 +0.1
2-year TB 3.086 3.067 +1.9
3-year TB 2.982 2.953 +2.9
10-year TB 3.105 3.088 +1.7
2-year MSB 3.049 3.022 +2.7
3-year CB (AA-) 3.537 3.503 +3.4
Source: Yonhap News Agency
South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar.
The benchmark Korea Composite Stock Price Index added 6.69 points, or 0.25 percent, to close at 2,681.00.
Trade v…
South Korean shares trimmed earlier losses to trade nearly flat late Monday morning.
The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.28 point, or 0.01 percent, to 2,674.03 as of 11:20 a.m.
The index earlier opened slightly lower o…