SEOUL– In an unprecedented move designed to ensure a level playing field, the top South Korean baseball league announced Monday it has set a salary cap for the next three seasons. The Korea Baseball Organization (KBO) said the cap from the 2023 to 2025 seasons will be 11,426,380,000 won (US$8.64 million). The league … Read more
SEOUL– Prosecutors on Monday indicted a former special counsel, who was responsible for investigating a corruption scandal involving former President Park Geun-hye, on charges of violating an anti-corruption law. Former special counsel Park Young-soo has been under investigation following allegations that he accepted a Porsche rental car and seafood from a man who claimed … Read more
SEOUL– Hyundai Motor Group said Monday it has signed an initial pact with Indonesia for an air mobility partnership in the Southeast Asian country’s capital relocation project. The South Korean carmaker signed a memorandum of understanding (MOU) with the Nusantara Capital City Authority, fully in charge of the relocation project, to establish the “smart … Read more
SEOUL– From the entrance and the lobby to hallways and rooms, there will be no mistaking Team Korea’s hotel during the 2022 FIFA World Cup in Qatar. The Korea Football Association (KFA) on Monday released photos of Le Meridien City Center, Doha, the national team’s official hotel during the big tournament. For South Korea, … Read more
SEOUL– South Korea and Indonesia on Monday signed 10 memorandums of understanding (MOUs) meant to enhance bilateral investment and economic cooperation, Seoul’s industry ministry said. The signing ceremony was held during a business summit in Bali, which brought together some 40 government and corporate officials from the two nations, including Hyundai Motor Group Chairman … Read more
BALI, Indonesia– President Yoon Suk-yeol met with Indonesian President Joko Widodo on Monday and discussed potential areas of cooperation between the two economies, his office said. The two leaders met one-on-one before attending a South Korea-Indonesia business roundtable ahead of Tuesday’s Group of 20 summit in Bali. “The two leaders assessed that follow-up … Read more
SEOUL– The U.N. Special Rapporteur on human rights in Myanmar, Thomas Andrews, will make a visit to South Korea this week, Seoul’s foreign ministry said Monday. Andrews will arrive in Seoul on Wednesday for a five-day visit, marking his first visit to South Korea, according to the ministry. During the visit, Andrews will … Read more
BALI, Indonesia– The office of President Yoon Suk-yeol denied Monday that it restricted pool coverage of Yoon’s bilateral summits with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida the previous day, saying the decision to have them covered by photo and video journalists working for the presidential office was based on prior consultations … Read more