SEOUL– Jeonbuk Hyundai Motors and FC Seoul, two underachievers in the top South Korean football league this year, will duke it out for the title at the largest national football tournament this week, hoping to salvage an otherwise disappointing campaign. The two K League 1 foes will meet in the two-legged FA Cup final, … Read more
SEOUL– POSCO Holdings Inc. on Monday reported its third-quarter net income of 600 billion won (US$416.8 million), down 76.9 percent from a year earlier. The company said in a regulatory filing that operating profit for the July-September period fell 71 percent on-year to 900 billion won. Revenue increased 2.9 percent to 21.2 trillion won. … Read more
SEOUL– An apparently tearful opposition leader Lee Jae-myung cried foul Monday after prosecutors raided the headquarters of his Democratic Party (DP) in a corruption investigation that is zeroing in on him after the arrest of one of his closest aides. Investigators made their way into the DP headquarters to search the office of Kim … Read more
SEOUL– Prosecutors have banned a close aide of opposition leader Lee Jae-myung from leaving the country as part of an investigation into allegations that the city of Seongnam gave business favors to a builder in exchange for financial donations when Lee was mayor. Jeong Jin-sang, a vice chief of staff to Lee of the … Read more
SEOUL– Prosecutors on Monday raided the headquarters of the main opposition Democratic Party (DP) as part of an investigation into bribery allegations involving a close confidant of party leader Lee Jae-myung. The Seoul Central Prosecutors Office is probing Kim Yong, deputy head of the DP-affiliated Institute for Democracy think tank, on suspicion of receiving … Read more
SEOUL– POSCO International Corp. said Monday its third-quarter net income rose 63 percent from a year earlier as a rise in global raw materials prices gave a boost to its overall energy and minerals segment. Net profit came to 112.8 billion won (US$78.4 million) in the July-September period, compared with a net profit of … Read more
SEOUL– POSCO Chemical Co. said Monday its third quarter net profit jumped 60.5 percent from a year earlier on the back of solid growth in the lucrative battery materials segment. Net income came to 65.6 billion won (US$45.7 million) in the July-September period, compared with a net profit of 40.8 billion won the previous … Read more
SEOUL– The director of Netflix’s teen romance film “20th Century Girl” said Monday she wanted to capture an ordinary girl’s extraordinary moments from 1999 to make audiences relate to their own memories of first love and travel back to the end of the century. Bang Woo-ri’s feature debut film follows a 17-year-old girl named … Read more