SEOUL– South Korea announced its maiden container freight index Monday to better reflect shipping rates on Asian routes, the oceans ministry said. The Korea Ocean Business Corporation (KOBC) Container Composite Index (KCCI) stood at 2,892 for the second week of November, according to the Ministry of Oceans and Fisheries In July 2020, the … Read more
INCHEON– Over his 11-year career in South Korean baseball, SSG Landers right-hander Lee Tae-yang had never pitched in a Korean Series game until Saturday. And that debut in the Korea Baseball Organization (KBO) championship round, however short, will stay with him a long time. Lee threw a scoreless inning in relief in Game 4, … Read more
SEOUL– Senior diplomats of South Korea, the United States and Japan strongly condemned North Korea’s latest missile launches in their phone talks Monday, calling them a “serious threat” to the security of the Korean Peninsula and beyond, according to Seoul’s foreign ministry. Last week, the North launched a barrage of ballistic missiles into the … Read more
SEOUL– The South Korean football club Daegu FC announced Monday they’ve promoted caretaker manager Choi Won-kwon to the full-time position. Choi took over from Alexandre Gama in August with the club in danger of relegation but successfully kept the team in the top division for 2023. Daegu finished the season on a five-match undefeated … Read more
SEOUL– Hyundai Home Shopping Network Corp. on Monday reported its third-quarter net profit of 40.6 billion won (US$29 million), down 38.1 percent from a year earlier. The company said in a regulatory filing that operating income for the July-September period rose 23.1 percent on-year to 34.1 billion won. Revenue decreased 1.8 percent to 564 … Read more
SEOUL– South Korean stocks advanced for a second straight session Monday, as institutions and foreigners picked up tech, auto and other issues oversold in the wake of the Legoland fiasco. The Korean won jumped against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) added 23.36 points, or 0.99 percent, to close … Read more
SEOUL– The daily number of passengers traveling via Incheon International Airport has hit 90,000, the highest point in two years and eight months, the airport’s operator said Monday. According to the Incheon International Airport Corp., a total of 93,251 people traveled via the airport, the main gateway to South Korea, on Sunday, the first … Read more
SEOUL– President Yoon Suk-yeol issued scathing criticism of the police on Monday for their bungled response to the Itaewon crowd crush, saying he can’t understand why police did little to avert the tragedy when they knew a massive crowd was gathering. Yoon made the remarks while presiding over a government-civilian meeting held to review … Read more