Daily Archive: September 6, 2021

Seoul stocks open nearly flat after weak U.S. jobs data

SEOUL– South Korean stocks opened nearly flat Monday as investors seek to digest weaker-than-expected August jobs data in the United States.The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.98 points, or 0.03 percent, to 3,200.08 points i…

S. Korea seeks to launch FTA talks with Egypt

SEOUL– South Korea’s trade ministry said Monday it seeks to launch negotiations for a free trade agreement (FTA) with Egypt, which would mark the first of its kind with an African nation.Trade Minister Yeo Han-koo plans to meet his Egyptian counterpar…

S. Korea eyes resumption of new FTA with group of Arab nations

SEOUL– South Korea’s trade ministry said Monday it aims to resume talks for a new free trade agreement with the Gulf Cooperation Council (GCC) to forge deeper economic ties with the Middle East after a hiatus of more than 10 years.Trade Minister Yeo H…

Samsung Heavy demonstrates ship collision avoidance system

SEOUL– Samsung Heavy Industries Co. said Monday it has succeeded in demonstrating a ship collision avoidance system.The shipbuilder’s remote autonomous navigation system, known as Samsung Autonomous Ship (SAS), helped two autonomous ships travelling t…

The Korea Interbank Offered Rates (KORIBOR)

SEOUL, Sep. 6 (Yonhap) — The Korea Interbank Offered Rates (KORIBOR) as posted by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m.Term Today (%) Previous Session (%)1-W 0.75 0.751-M 0.81 0.812-M 0.86 0.863-M …

S. Korean Bond Yields on Sep. 6, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 1.043 1.043 0.02-year TB 1.274 1.271 +0.33-year TB 1.459 1.437 +2.210-year TB 1.970 1.943 +2.72-year MSB 1.299 1.285 +1.43-year CB (AA-) 1.881 1.865 +1.691-day CD None None NoneSource: Yonhap News Agency

Seoul stocks trade bearish over weak U.S. jobs data

SEOUL– South Korean stocks were little changed late Monday morning as investors seek to digest weaker-than-expected August jobs data in the United States.The benchmark Korea Composite Stock Price Index (KOSPI) rose 0.58 point, or 0.02 percent, to 3,20…

Seoul stocks inch up after weak U.S. jobs data

SEOUL– South Korean stocks edged up after choppy trading Monday as investors seek to digest weaker-than-expected August jobs data in the United States. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI)…

Hyundai E&C wins deal on high-rise redevelopment in Singapore

SEOUL– Major South Korean builder Hyundai Engineering & Construction Co. said Monday it has clinched a 240 billion-won (US$207 million) contract to redevelop a high-rise building in Singapore.Under the deal, Hyundai E&C will redevelop Shaw Towers, a n…

Less than 30 pct of women think Korean society is safe: report

SEOUL– Less than 30 percent of women here think South Korean society is safe as they are increasingly exposed to sex crimes and other violence, a government report showed.According to the report released by the Ministry of Gender Equality and Family o…

Korea Shipbuilding to develop liquefied hydrogen tanks for ships

SEOUL– Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it will develop liquefied hydrogen tanks for ships alongside top steel maker POSCO.Korea Research Institute of Ships and Ocean Engineering (KRISO) and liquefied hydrog…