The KT Wiz walked off the LG Twins 6-5 in 11 innings Wednesday to stay alive in the Korea Baseball Organization postseason. No. 9 hitters Sim Woo-jun delivered an infield single with the bases loaded in the bottom 11th before a sellout crowd of 17,600 at KT Wiz Park in Suwon, just south of Seoul. The Wiz scored three times in the bottom of the third inning to rally from a 3-1 deficit before a sellout crowd of 17,600 at KT Wiz Park in Suwon, just south of Seoul. Cleanup Kang Baek-ho gave the home

Baseball Oct. 9, 2024

Private equity firm MBK Partners said Wednesday that it will not further raise the tender offer price for Korea Zinc Inc. amid intensifying competition for management control. MBK and Young Poong Corp. recently raised their tender offer price for Korea Zinc to 830,000 won ($617) and for Young Poong Precision to 30,000 won, as they aim to gain a controlling stake in the world's top zinc smelter. Young Poong Precision holds a 1.85 percent stake in Korea Zinc. "We cannot stand by as the c

Industry Oct. 9, 2024

North Korea has convened a key parliamentary meeting to revise the constitution, state media reported Wednesday, without disclosing details about whether it removed unification-related clauses or stipulated territorial boundaries in line with an order by leader Kim Jong-un. At the 11th session of the 14th Supreme People's Assembly Monday and Tuesday in Pyongyang, North Korea unanimously decided to amend and supplement parts of the country's socialist constitution, according to the Kore

North Korea Oct. 9, 2024

US Secretary of State Antony Blinken is expected to raise the issue of the "concerning" and "deepening" partnership between North Korea and Russia during annual gatherings involving the Association of Southeast Asian Nations (ASEAN) in Laos this week, a State Department spokesperson said Tuesday. Blinken is set to represent the US at the East Asia Summit and the US-ASEAN Summit on behalf of President Joe Biden during his trip to the Laotian capital of Vientiane, which lasts u

Foreign Affairs Oct. 9, 2024

Powered by a pair of homers and a dominant relief outing from a young hurler, the LG Twins outlasted the KT Wiz 6-5 on Tuesday to move within a win of reaching the next round in the Korea Baseball Organization postseason. Austin Dean slugged a three-run homer off starter Wes Benjamin in the fifth to turn a 3-2 deficit into a 5-3 lead at KT Wiz Park in Suwon, just south of Seoul, after Park Dong-won had opened the scoring with a solo homer in the second. Starter-turned-reliever Son Ju-young twirl

Baseball Oct. 8, 2024

K-pop singer-rapper Jay Park returned Tuesday with a studio album his fans will want to own. Park's sixth full-length album, "The One You Wanted," features 20 tracks, including nine new songs alongside 11 previously released singles. It marks his first R&B album in eight years. The number of tracks is unusually large, given that most K-pop studio albums feature no more than 10 songs. "Since 'Everything You Wanted,' I had planned to release more R&B albums. B

K-pop Oct. 8, 2024

Seoul stocks finished lower Tuesday due to weaker-than-expected earnings results by Samsung Electronics and overnight US stock losses. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 0.61 percent, or 16.02 points, to 2,594.36. Trading volume was moderate at 313 million shares worth 8.98 trillion won ($6.65 billion), with losers outpacing gainers at 569 to 305. Institutions and foreign investors together sold a net 72 billion won, while retai

Market Oct. 8, 2024

South Korea racked up a current account surplus for the fourth consecutive month in August, driven by robust exports, central bank data showed Tuesday. The country's current account surplus reached $6.6 billion in August, marking a surplus for the fourth consecutive month, according to data compiled by the Bank of Korea. The August surplus was smaller than the previous month's $8.97 billion. The country's goods account racked up a $6.59 billion surplus in August following an $8.33

Economy Oct. 8, 2024

Seoul stocks opened lower Tuesday following weaker-than-expected tentative earnings results from Samsung Electronics and overnight US stock losses. The benchmark Korea Composite Stock Price Index dropped 0.55 percent, or 14.28 points, to 2,596.10 in the first 15 minutes of trading. Ahead of the trading session, Samsung Electronics estimated its third-quarter operating profit to reach 9.1 trillion won, apparently failing to meet market expectations due to the lukewarm performance of its flagship

Market Oct. 8, 2024

US President Joe Biden, Vice President Kamala Harris and other officials marked the first anniversary of the Hamas militant group's deadly attack on Israel on Monday, mourning the death of victims and calling for the return of hostages and a ceasefire in Gaza. They issued separate statements, taking stock of what has happened since Hamas militants killed more than 1,200 people, including 46 Americans, and took over 250 people hostage, including 12 Americans, in the Oct. 7 attack. "One

World News Oct. 8, 2024

North Korea floated trash balloons toward South Korea early Tuesday, the South's military said, marking the second consecutive day of such provocation. The Joint Chiefs of Staff raised the possibility of the balloons drifting toward northern Gyeonggi Province and other parts of the Seoul metropolitan area, advising citizens not to touch the balloons and to be cautious of any potential drops. Since late May, North Korea has sent over 5,000 balloons across the border into South Korea. In Mond

North Korea Oct. 8, 2024

South Korea's Foreign Minister Cho Tae-yul said Monday that the government will maintain readiness against potential North Korean provocations through close cooperation with the United States. Cho made the remarks during a parliamentary hearing, citing a series of provocations from North Korea, such as the launch of balloons toward the South and missile tests. "The government will maintain a thorough readiness posture against various potential provocations from North Korea, while ensur

North Korea Oct. 7, 2024

Prosecutors on Monday raided the residence of Namyang Dairy Products Co.'s former chairperson and the company's headquarters as part of an ongoing investigation into embezzlement allegations. Investigators from the Seoul Central District Prosecutors Office raided more than 10 locations, including former Chairman Hong Won-sik's home. In August, the company filed a complaint against Hong and three other former company officials, accusing them of allegedly embezzling company funds of

Social Affairs Oct. 7, 2024

Seoul stocks finished over 1.5 percent higher Monday, bolstered by US employment data, and modest gains in chip and battery shares. The local currency sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index moved up 1.58 percent, or 40.67 points, to 2,610.38. Trading volume was moderate at 336 million shares worth 10.2 trillion won ($7.57 billion), with gainers outpacing losers at 618 to 259. Institutions and foreign investors together bought a net 98 billion won, whi

Market Oct. 7, 2024

South Korea's media regulator is set to look into TikTok over a potential violation of the nation's personal data protection law, an official at the regulator said Monday. TikTok is accused of automatically requiring its users to receive advertisements, instead of letting users give their consent to receive such content under the Korean law, according to industry sources. The Korea Communications Commission suspects that TikTok may be violating the Act on Promotion of Information and C

Economy Oct. 7, 2024