SEOUL— Hanwha Aerospace Co. of South Korea signed an executive contract, worth US$3.55 billion, with Poland for the supply of Chunmoo multiple launch rocket systems, Seoul’s defense authorities announced Friday. The two sides signed the deal as a follow-up to a framework contract inked last month. It has lifted South Korea’s total arms … Read more
SEOUL– Jin, a member of K-pop supergroup BTS, has submitted an application with the Military Manpower Administration (MMA) to cancel his request to postpone his military conscription, according to sources Friday. The move to revoke the delay came after Big Hit Music, the singer’s management agency, announced last month that all seven members of … Read more
SEOUL– South Korean stocks closed higher Friday following volatile trading throughout the session, as foreigners and institutions expanded holdings on expectations that China would ease coronavirus restrictions. The Korean won advanced against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) advanced 19.26 points, or 0.83 percent, to 2,348.43. The index closed … Read more
SEOUL– President Yoon Suk-yeol and first lady Kim Keon-hee on Friday attended a Buddhist memorial service for victims of the Halloween crowd crush. The service was held at Jogye Temple in Seoul to mourn the 156 lives lost during Halloween celebrations in the popular nightlife district of Itaewon last Saturday. Dressed in black … Read more
SEOUL– Playing in the Korean Series for the second time, SSG Landers outfielder Han Yoo-seom has the baseball cliche down pat: he wants to take it one play at a time and make sure he doesn’t try to force the issue. Two games in, the right fielder has committed a couple of gaffes on … Read more
SEOUL– First lady Kim Keon-hee asked German first lady Elke Budenbender on Friday to help make Korean cultural assets in Germany more widely available to the South Korean public, the presidential office said. The two held separate talks for about an hour at the presidential office as President Yoon Suk-yeol and German President Frank-Walter … Read more
SEOUL– Lotte Shopping Co., the retail arm of Lotte Group, said Friday that it swung to the red in the third quarter of the year from a year earlier due to a slump at its electronics retailer unit. Net losses came at 95.1 billion won (US$67 million) on a consolidated basis for the three … Read more
SEOUL– SSG Landers outfielder Juan Lagares was never known for power during his 10-year major league career, with just 31 home runs in 850 games. He never hit more than six home runs in any season. The Dominican outfielder made his name with his defense, as attested by his Gold Glove in 2014 while … Read more