Kia’s June sales rise 20 pct on strong exports

SEOUL– Kia Corp., South Korea’s second-largest automaker, said Thursday its sales rose 20.2 percent last month from a year earlier on a lower base effect and solid overseas demand for…

S. Korean Bond Yields on Jul. 1, 2021

Today (%) Previous Session(%) Change (BP) 1-year TB 0.955 0.955 0.0 2-year TB 1.301 1.300 +0.1 3-year TB 1.469 1.448 +2.1 10-year TB 2.090 2.092 -0.2 2-year MSB 1.298 1.290…

Vice FM says Moon gov’t seeks ‘irreversible’ framework for denuclearization

SEOUL– The government of President Moon Jae-in hopes to build an “irreversible framework” for the denuclearization of the Korean Peninsula and hand the formula over to its successor, First Vice…

Rainy season forecast to start this weekend

SEOUL– Monsoon rains are likely to hit most parts of the country this weekend, marking the start of the one-month summer rainy season, the state weather agency said Thursday. The…

S. Korea to take on pesky Iran in final World Cup qualifying round

SEOUL– South Korea will take on pesky rivals Iran in the next qualifying round for the 2022 FIFA World Cup in Qatar. The draw for the final round in the…

KOSPI down on virus variant woes, tech-laden KOSDAQ hits another record high

SEOUL– South Korean stocks retreated Thursday amid concerns of new coronavirus variants that weakened investors’ appetite for risky assets. The Korean won fell against the U.S. dollar. The Korea Composite…

Finance minister, BOK chief to meet this week amid talks of policy discord

SEOUL– South Korea’s top economic policymaker and the chief of the central bank will meet this week to discuss economic situations, the finance ministry said Thursday. Finance Minister Hong Nam-ki…

Auto sales rise 15 pct in June on robust overseas demand

SEOUL– South Korean carmakers’ sales rose 15 percent last month from a year earlier as overseas demand remained steadfast despite the extended COVID-19 pandemic, industry data showed Thursday. The country’s…

South Korea’s parliament passes resolution demanding removal of Dokdo from Tokyo Olympics map

SEOUL– South Korea’s National Assembly on Thursday passed a resolution denouncing Japan’s renewed claim to sovereignty of Korea’s easternmost islets of Dokdo on the Tokyo Olympics website. Dokdo, located in…

S. Korea to take on pesky Iran in final World Cup qualifying round

SEOUL– South Korea will take on pesky rivals Iran in the next qualifying round for the 2022 FIFA World Cup in Qatar. The draw for the final round in the…