Toss Bank suffers loss in H1 on increased loan-loss reserves
SEOUL-- Toss Bank, one of the country's internet-only banking services, on Wednesday said it suffered a massive loss in the first half of the year due to increased loan-loss reserves…
Business
S. Korean Bond Yields on Aug. 31, 2022
Today (%) Previous Session(%) Change (BP)1-year TB 3.268 3.244 +2.42-year TB 3.727 3.665 +6.23-year TB 3.685 3.642 +4.310-year TB 3.721 3.695 +2.62-year MSB 3.717 3.664 +5.33-year CB (AA-) 4.658 4.618…
No. of child abuse cases in S. Korea grew 21.7 pct last year: ministry
SEOUL-- The number of cases officially deemed as child abuse incidents in South Korea grew 21.7 percent in 2021 from a year ago amid an increase in reports to authorities…
S. Korea’s trade terms down for 16th month in July
SEOUL-- South Korea's terms of trade sank for 16 months in a row in July as import costs rose faster than export prices, central bank data showed Wednesday.The nation's net…
Yoon vows to increase support for export industries
SEOUL-- President Yoon Suk-yeol vowed Wednesday to increase government support for the country's export industries amid a widening trade deficit caused by falling semiconductor prices and other factors.Yoon made the…
Seoul shares down late Wed. morning amid lingering concerns over U.S. rate hikes
SEOUL-- South Korean stocks erased part of their earlier gains late Wednesday morning, with investors weighing the potential rate hikes by the U.S. Federal Reserve.The benchmark Korea Composite Stock Price…