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August 21, 2024

(EDITORIAL from Korea Times on Aug. 21)

Although artificial intelligence (AI) is increasingly seen as a critical industry for the future, Korea is still significantly behind other leading nations in terms of AI talent and investments. According to a recent survey

S. Korean Bond Yields on morning of Aug. 21, 2024

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

1-year TB 3.046 3.058 -1.2

2-year TB 3.027 3.048 -2.1

3-year TB 2.921 2.944 -2.3

10-year TB 2.973 2.999 -2.6

2-year MSB 2.985 3.006 -2.1

3-year CB (AA-)

(EDITORIAL from Korea Herald on Aug. 21)

Time to refocus

Two leaders of Korea’s rival parties need to work on pressing issues during first meeting

After months of partisan wrangling that has paralyzed the legislative procedures for passing bills, South Korea’s

Seoul shares down late Wed. morning on tech losses

South Korean stocks traded lower late Wednesday morning as Samsung Electronics and other major chipmakers lost ground tracking AI chip giant Nvidia’s slump overnight.

The benchmark Korea Composite Stock Price Index (KOSPI) dropped 5.86

Producer prices rise in July on industrial, farm goods

South Korea’s producer prices rose in July, driven by a rise in prices of industrial and agricultural goods, central bank data showed Wednesday.

The producer price index, a major barometer of consumer inflation, gained