[THE INVESTOR] Korean companies are scurrying to issue new corporate bonds to raise cheap money as the country’s central bank recently cut its key rate to a historic low.  (Posco Daewoo)POSCO Daewoo, a trading company, is poised to issue new debt worth 100 billion won (US$ 85.5 million) early July in a bid to pay back its 200 billion won worth of bonds that mature on Nov. 16. “We plan to issue the bonds in advance due to the current low interest rate. If the US raises its rate during the second

[THE INVESTOR] South Korean stocks opened higher on June 17, tracking overnight gains on Wall Street after Britain postponed its referendum campaign on its European Union membership in the aftermath of a lawmaker’s death. The benchmark Korea Composite Stock Price Index advanced 16.38 points, or 0.84 percent, to 1,968.37 in the first 15 minutes of trading. Most large caps traded bullish. Market top cap Samsung Electronics gained 0.99 percent, and top automaker Hyundai Motor increased 1.12 percent