SEJONG– South Korea’s antitrust regulator said Tuesday it has decided to impose fines of around 8 billion won (US$5.73 million) on Hankook Tire & Technology Co. and its tire mold manufacturing arm for an unfair trade deal. The penalty on the country’s leading tiremaker came after the company purchased overpriced tire molds from its … Read more
SEOUL– Tampa Bay Rays South Korean first baseman Choi Ji-man is scheduled to undergo elbow operation at home this offseason, his agency announced Tuesday. GSM said Choi will arrive in South Korea on Saturday and will soon have surgery to remove a bone fragment in his right elbow. Choi was sidelined with elbow … Read more
SEOUL– The Seoul city government said Tuesday it will expand the operation of late-night taxis to cope with the growing demand for taxi service during late hours. Currently, an average of around 20,000 taxis are in operation in the capital between 11 p.m. and 2 a.m., which is around the 80 percent level compared … Read more
SEOUL– Hyundai Department Store Co. on Tuesday reported its third-quarter net profit of 69.3 billion won (US$50 million), up 10 percent from a year earlier. The company said in a regulatory filing that operating income for the July-September period rose 94.1 percent on-year to 92.2 billion won. Revenue increased 48.4 percent to 1.37 trillion … Read more
SEOUL– Prime Minister Han Duck-soo ordered the interior ministry Tuesday to double-check the country’s anti-missile evacuation and other emergency response systems amid heightened tension in the wake of a series of North Korean missile launches. Han issued the order during a Cabinet meeting, saying there has been criticism of the government’s air raid alert … Read more
SEOUL– K-pop soloist BoA will drop her third EP, titled “Forgive Me,” on Nov. 22, her agency said Tuesday. It will be her first album since December 2020, when she released her 20th full-length album, “Better,” to mark her 20th anniversary in her career. The 36-year-old diva debuted in 2000 with SM Entertainment … Read more
SEOUL– A special investigation team raided the office of the national police chief and dozens of other offices Tuesday as part of an investigation into the deadly Itaewon crowd crush that killed at least 156 people. A total of 55 offices were raided, including the offices of National Police Agency Commissioner General Yoon Hee-keun … Read more
SEOUL– Studio Dragon Corp.on Tuesday announced that it will sell stock to raise 3 billion won(US$2.2 million). The proceeds from the stock sale will be used mainly to finance its operations. According to a regulatory filing, the company will issue 44,313 common shares at a price of 67,700 won per share. The stock will … Read more