Hyosung Corp Records Net Loss in 2023South Korean Bond Yields Rise Across All Maturities

Seoul - Hyosung Corp. reported a net loss of 438 million won (US$327,918) for the year 2023, marking a downturn from the previous year's profit of 24.8 billion won. The company released these figures in a regulatory filing on Monday.

According to Yonhap News Agency, Despite the net loss, Hyosung Corp's operating profit saw an increase of 45.4 percent year-on-year, amounting to 94.4 billion won. However, the company's annual sales experienced a decrease of 7.6 percent, falling to 3.43 trillion won.

SEOUL — South Korean bond yields witnessed an increase across all maturities on January 29, 2024, marking a noticeable shift in the country’s debt market. The yields on one-year, two-year, three-year, and ten-year Treasury Bonds (TB) along with two-year Monetary Stabilization Bonds (MSB) and three-year Corporate Bonds (CB) with an AA- rating have all moved upwards compared to the previous session, according to official data released today.

According to Yonhap News Agency, the one-year TB yield increased by 3.1 basis points to 3.349%, the two-year TB yield by 3.2 basis points to 3.342%, and the three-year TB by 4.1 basis points to 3.304%. The ten-year TB saw a rise of 5.0 basis points, reaching 3.436%. Similarly, the two-year MSB yield went up by 3.9 basis points to 3.350%, and the three-year CB (AA-) by 4.1 basis points to 4.051%. Notably, the 91-day Certificate of Deposit (CD) yield remained unchanged at 3.680%. These changes reflect the ongoing adjustments within the South Korean bond market, influencing investors and the overall economic outlook.

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