Day: April 11, 2024

Ruling party leader resigns following election defeat

Han Dong-hoon, the leader of the ruling People Power Party (PPP), stepped down Thursday to take responsibility for the crushing defeat in the parliamentary elections.

Han, a former justice minister and a confidant of conservative President Yoon Suk-y…

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S. Korean Bond Yields on Apr. 11, 2024

1-year TB 3.458 3.422 +3.6

2-year TB 3.494 3.432 +6.2

3-year TB 3.466 3.391 +7.5

10-year TB 3.585 3.503 +8.2

2-year MSB 3.469 3.393 +7.6

3-year CB (AA-) 4.016 3.953 +6.3

91-day CD 3.570 3.570 0.0

Source: Yonhap News Agency

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Yoon vows to reform state affairs after election defeat

President Yoon Suk Yeol has vowed to reform state affairs to reflect people’s will following the ruling party’s crushing defeat in the parliamentary elections, the presidential office said Thursday.

“I will humbly accept the will of the people expres…

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