SEOUL– Sama Aluminium Co.on Thursday announced that it will sell stock to raise 115.3 billion won(US$90.3 million). The proceeds from the stock sale will be used mainly to finance its facilities. According to a regulatory filing, the company will issue some 3.71 million common shares at a price of 31,050 won per share. The … Read more
SEOUL– South Korea and Japan held working-level virtual consultations Thursday on Tokyo’s plan to discharge radioactive water from its crippled Fukushima nuclear power plant into the sea starting next year, Seoul’s foreign ministry said. In the online meeting, Yun Hyun-soo, director-general for climate change, energy, environment and scientific affairs at the ministry, and officials … Read more
SEOUL– The LG Twins announced Thursday they’ve signed former major league outfielder Austin Dean. Dean agreed to a one-year deal worth up to US$700,000: $400,000 in guaranteed salary, $100,000 in signing bonus and up to $200,000 in incentives. Dean, 29, was a fourth-round draft pick by the Miami Marlins in 2012 and played … Read more
SEOUL– South Korea on Thursday released a photo of Pyongyang taken from one of its own satellites after North Korea published imagery of Seoul using what it claimed was a military spy satellite. The color photo, taken with “land satellite No. 1,” clearly shows Kim Il-sung Square and its surrounding facilities, including a history … Read more
SEOUL– Kansas City Royals catching prospect Um Hyungchan was named the top South Korean high school catcher of the year Thursday. Um was the winner of the Best Catcher category at the sixth annual Lee Man-soo Awards, named after the Korea Baseball Organization (KBO) catching legend. Um, backstop for Gyeonggi Commercial High School … Read more
SEOUL– By signing former major league outfielder Austin Dean on Thursday, the LG Twins became the last team in the Korea Baseball Organization (KBO) to acquire a foreign hitter for 2023. The delay hadn’t been for lack of trying. The Twins were among the first teams to fill that spot. On Dec. 6, … Read more
SEOUL– South Korea plans to announce full details of the country’s new Indo-Pacific strategy next week, according to Seoul’s foreign ministry Thursday. According to a ministry official, the presidential office plans to release a final report on South Korea’s Indo-Pacific strategy next Wednesday, followed by an official government briefing by the ministry later that … Read more
SEOUL– The ruling and opposition parties announced an agreement on next year’s national budget Thursday after a weekslong impasse over how much to cut the corporate tax rate and other issues. The floor leaders of the ruling People Power Party (PPP) and the main opposition Democratic Party (DP), Reps. Joo Ho-young and Park Hong-keun, … Read more