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Hanjin Heavy slumps after takeover deal

SEOUL– Shares in Hanjin Heavy Industries & Construction Co. slumped Friday after its creditors signed a deal to sell the financially troubled shipbuilder.Hanjin Heavy closed at 7,650 won(US$6.85), down 5.32 percent from the previous session as foreign…

S. Korean Bond Yields on Apr. 16, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.657 0.658 -0.13-year TB 1.154 1.147 +0.710-year TB 2.023 2.020 +0.32-year MSB 0.927 0.920 +0.73-year CB (AA-) 2.029 2.027 +0.291-day CD 0.730 0.730 0.0Source: Yonhap News Agency

LG Energy to chip in 1 tln won for EV battery plant with GM

SEOUL– South Korean battery maker LG Energy Solution Ltd. said Friday it will spend 1.06 trillion won (US$950 million) to build a battery factory in the United States with American automaker General Motors Corp.In a regulatory filing, LG Energy, wholl…

Biden, Japan’s Suga to Discuss China at White House Summit

Japanese Prime Minister Yoshihide Suga has become the first foreign leader to hold face-to-face talks with U.S. President Joe Biden since the latter assumed office, meeting at the White House for discussions that are expected to focus heavily on counte…

Seoul stocks up for 5th session on economic rebound hope

SEOUL– South Korean shares advanced for the fifth day Friday, finishing just shy of the 3,200-point mark, as expectations of a global economic rebound and sound corporate earnings boosted investor sentiment. The Korean won rose against the U.S. dollar…