State-led R&D expenditures near 24 tln won in 2020
SEOUL– South Korea spent nearly 24 trillion won (US$21.26 billion) on state-led research and development (R&D) projects last year, up 16 percent from the previous year, the science ministry said…
Business
Seoul stocks retreat on Fed’s early tapering concerns
SEOUL– South Korean stocks retreated Monday as the U.S. Federal Reserve’s hawkish tone last week increased market worries about an early tapering of its accommodative monetary policies. The Korean won…
S. Korean Bond Yields on Jun. 21, 2021
Today (%) Previous Session(%) Change (BP) 1-year TB 0.888 0.889 -0.1 2-year TB 1.190 1.184 +0.6 3-year TB 1.351 1.313 +3.8 10-year TB 2.006 2.041 -3.5 2-year MSB 1.199 1.188…
Hyundai Motor buys U.S. robotics firm from Softbank for US$ 880 mln
SEOUL– Hyundai Motor Group said Monday its three affiliates and its chief have acquired a controlling stake in U.S.-based robotics firm Boston Dynamics, Inc. for US$880 million. The investment is…
Kakao emerges as No. 5 conglomerate in terms of market cap
SEOUL– Kakao Corp., which operates South Korea’s most popular mobile messenger Kakao Talk, emerged as the country’s fifth-largest conglomerate in terms of market cap on the back of the recent…
Central American development bank to open S. Korean office in Seoul
SEOUL– A Central American development bank has decided to open a South Korean office in Seoul as part of efforts to strengthen ties with Asia’s fourth-largest economy, the finance ministry…