GM Korea Co., the South Korean unit of General Motors Co., said Monday its August sales plummeted over 50 percent from a year earlier

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

1-year TB 3.061 3.060 +0.1

2-year TB 3.086 3.067 +1.9

3-year TB 2.982 2.953 +2.9

10-year TB 3.105

South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar.

The

South Korean shares trimmed earlier losses to trade nearly flat late Monday morning.

The benchmark Korea Composite Stock Price Index (KOSPI) slipped 0.28 point,

Hyundai Motor Co., South Korea’s leading carmaker, said Monday its August sales slipped 5.3 percent from last year as exports declined.

Hyundai Motor sold

The finance ministry said Monday it will push to reduce 32.1 trillion won (US$24.01 billion) of debt incurred by 14 financially troubled public companies