(LEAD) Seoul stocks slip over Credit Suisse rout
-- Seoul stocks closed slightly lower Thursday amid concerns that global investment bank Credit Suisse's fiasco may worsen and possibly harm the global financial sector. The Korean won fell against…
March 16, 2023
Labor group calls for scrapping proposed longer workweek
SEOUL, March, 16 (Yonhap) -- A major labor umbrella group called on the government Thursday to scrap its proposal for a longer workweek, warning that it would ultimately result in…
S. Korean Bond Yields on March 16, 2023
Today (%) Previous Session(%) Change (BP)1-year TB 3.385 3.469 -8.42-year TB 3.447 3.523 -7.63-year TB 3.400 3.473 -7.310-year TB 3.394 3.418 -2.42-year MSB 3.455 3.529 -7.43-year CB (AA-) 4.098 4.169…
Banks’ 2022 net gains 9.6 pct on higher interest income
-- South Korean banks saw their 2022 earnings rise nearly 10 percent from a year earlier on sharply increased interest income, data showed Thursday.Their combined net profit came to 18.5…
Marriages in S. Korea hit fresh low in 2022
SEJONG, March 16 (Yonhap) -- The number of marriages in South Korea crashed to yet another record low in 2022, data showed Thursday, adding to concerns over the country's already…
Samsung acquires additional shares of Rainbow Robotics
-- Samsung Electronics Co. said Thursday it has acquired additional shares of Rainbow Robotics, in a move to enhance its robotics business, a sector it sees as having a huge…