Seoul shares up late Tue. morning on tech gains

SEOUL, Seoul shares turned higher late Tuesday morning on tech gains amid speculation that strong U.S. data may prod the Federal Reserve to push back its rate-cut timetable.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 5.86 points, o…

S. Korean Bond Yields on Apr. 2, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.396 3.373 +2.3

2-year TB 3.359 3.337 +2.2

3-year TB 3.333 3.291 +4.2

10-year TB 3.425 3.381 +4.4

2-year MSB 3.370 3.347 +2.3

3-year CB (AA-) 3.926 3.896 +3.0

91-day CD 3.630 3.630 0.0

Sou…

LGES-GM JV begins production at Tennessee battery plant

SEOUL, LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday its joint venture with General Motors Co. began production at their second battery plant in the United States.

The first round of battery cells produced at the …

FM Cho to depart for Brussels to attend NATO meeting

SEOUL, South Korea’s top diplomat will depart for Belgium late Tuesday to participate in a meeting of North Atlantic Treaty Organization (NATO) foreign ministers, his office said.

During his three-day trip, Foreign Minister Cho Tae-yul will attend t…

Exports of agricultural products up 3.4 pct in Q1

SEOUL, South Korea’s exports of agricultural and food products moved up 3.4 percent on-year in the first quarter of 2024 to set a fresh high, the agricultural ministry said Tuesday.

Outbound shipments of agricultural and food products came to US$2.2…