S. Korean banks’ lending rate falls in August

[ad_1] SEOUL: South Korean banks’ lending rate fell for the second straight month amid the continued policy rate freeze, central bank data shows. The weighted average rate for new bank…

S.Korea, Switzerland agree to extend currency swap agreement for 5 yrs

[ad_1] SEOUL, March 1 (Reuters) – South Korea’s central bank said on Monday its currency swap agreement with Switzerland has been extended for another five years in a move aimed…

Total and Macquarie to develop South Korea wind projects

[ad_1] FILE PHOTO: The logo of French oil and gas company Total is seen in a petrol station in Paris, France February 6, 2020. REUTERS/Gonzalo Fuentes/File Photo PARIS/LONDON (Reuters) –…

S.Korea shares close at record high on chip, auto boost

[ad_1] * KOSPI hits record closing high, foreigners net buyers * KRW ends at strongest close since June 2018 vs USD * South Korea benchmark bond yield rises * For…

Daughter of South Korean leader’s friend arrested in Denmark amid graft probe

[ad_1] SEOUL (Reuters) – The daughter of one of the central figures in a South Korean influence-peddling scandal that led to President Park Geun-hye’s impeachment will face extradition proceedings in…