South Korea’s fiscal deficit rose more than 40 percent on-year during the first five months of 2024 amid weak corporate performances and growing state expenditures, the finance ministry said Thursday.
The managed fiscal balance, a
Today (%) Previous Session(%) Change (BP)
1-year TB 3.216 3.201 +1.5
2-year TB 3.209 3.163 +4.6
3-year TB 3.163 3.120 +4.3
10-year TB 3.234 3.198 +3.6
2-year MSB 3.200 3.148 +5.2
3-year CB (AA-) 3.614
South Korea’s central bank froze its key rate for the 12th straight session Thursday amid high household debt and moderating inflation.
In a widely expected decision, the monetary policy board of the Bank of Korea
Vice Defense Minister Kim Seon-ho vowed Thursday to strengthen defense cooperation with Australia, his office said, amid growing arms industry ties between the two countries.
Kim made the remark during a bilateral defense conference in
South Korea has filed a suit to reverse an international tribunal’s recent order to pay US$32 million in compensation to U.S. hedge fund Mason Capital over a controversial 2015 merger of two Samsung affiliates, officials