Daily Archive: June 17, 2021

Hyundai resumes plant after brief halt over part shortage

SEOUL– Hyundai Motor Co. said Thursday it has resumed operations of a local plant following a one-day suspension due to lack of semiconductors.Hyundai halted the Asan plant, which produces the Grandeur sedan, on Wednesday, causing production losses of…

Top steelmaker POSCO estimated to log record earnings for Q2

SEOUL– South Korea’s leading steelmaker POSCO is likely to post a record operating income for the second quarter of the year on a recovery in global demand, according to market forecasts Thursday.Eight local brokerages’ median estimate for POSCO’s ope…

Seoul stocks open lower on Fed’s hawkish comment

SEOUL– South Korean stocks opened lower Thursday as the Federal Reserve made comments about an earlier-than-expected timeline for a rate hike.The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.61 points, or 0.6 percent, to trade at 3,259….

S. Korean Bond Yields on Jun. 17, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.897 0.879 +1.82-year TB 1.181 1.170 +1.13-year TB 1.327 1.286 +4.110-year TB 2.079 2.070 +0.92-year MSB 1.193 1.180 +1.33-year CB (AA-) 1.900 1.879 +2.191-day CD 0.660 0.660 0.0Source: Yonhap News Ag…