Seoul shares plunge 3.82 pct on U.S. downgrade

Submitted by YONHAP on

SEOUL, Aug. 8 (Yonhap) -- South Korean stocks nosedived 3.82 percent on Monday as the first ever downgrade of U.S. credit and jitters over a global economic recession sparked panic selling.

Corporate bond sales drop 29.7 pct in July

Submitted by YONHAP on

SEOUL (Yonhap) - South Korean companies' bond issuance slumped 29.7 percent in July from a month earlier due mainly to a fall in debt sales by both financial and non-financial firms, the securities

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