Day: February 21, 2024

DP vows to allow bitcoin-based ETFs

SEOUL, The main opposition Democratic Party (DP) vowed Wednesday to allow bitcoin-based exchange-traded funds (ETF) as part of campaign pledges ahead of the April elections.

The DP seeks to improve investors’ access to financial products based on vir…

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S. Korean Bond Yields on Feb. 21, 2024

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

1-year TB 3.486 3.474 +1.2

2-year TB 3.474 3.471 +0.3

3-year TB 3.402 3.405 -0.3

10-year TB 3.474 3.489 -1.5

2-year MSB 3.463 3.461 +0.2

3-year CB (AA-) 4.090 4.105 -1.5

91-day CD 3.700 3.690 +1.0

Sou…

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Seoul shares open higher despite U.S. losses

SEOUL, South Korean stocks started higher Wednesday on foreign and institutional buying despite overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) climbed 11.49 points, or 0.43 percent, to 2,669.28 in the first 1…

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