Daily Archive: September 16, 2022

Husteel to raise 89.8 bln won via stock sale

SEOUL– Husteel Co.on Friday announced that it will sell stock to raise 89.8 billion won(US$64.7 million). The proceeds from the stock offering will be used primarily to finance its facilities. According to a regulatory filing,...

BLACKPINK releases second studio album ‘Born Pink’

SEOUL– K-pop girl group BLACKPINK dropped its second full-length album, “Born Pink,” on Friday. “As indicated by its title, the new album depicts the confidence of the four members who were unique from the beginning,”...

Heavy rains forecast for southeast coast as Typhoon Nanmadol nears

SEOUL– Heavy rains may soak South Korea’s southeast coast early next week under the influence of Typhoon Nanmadol, which is currently moving northwest from waters near Japan’s Okinawa, the weather agency said Friday. With a...

LPGA legend Pak Se-ri to host charity golf event

SEOUL– South Korean golf legend Pak Se-ri will host a charity match play event later this month, her foundation announced Friday, with donations to be made to help environmental protection efforts and junior golf development...

Seoul shares fall for 3rd day on Fed rate-hike jitters

SEOUL– South Korean stocks retreated 0.79 percent Friday, extending a losing streak to a third straight day, as the latest U.S. economic data supported the view that the Federal Reserve will deliver another steep interest...

SUWON, South Korea– Eun Soo-mi, former mayor of Seongnam, just south of Seoul, was sentenced to two years in prison by a district court Friday on charges of bribery and abuse of power.

The Suwon District Court ordered the immediate detention of Eun after convicting her of providing special favors to a police officer in return for receiving insider information about a police investigation into her alleged political...

Typhoon-hit POSCO aims to fully normalize operations by early December

SEOUL– South Korean steelmaker POSCO said Friday it will complete repairs of manufacturing facilities damaged by a recent typhoon within three months and plan to fully normalize operations by December. Earlier this month, Typhoon Hinnamnor...

Yoon asks Maryland gov. to support S. Korean businesses against IRA

SEOUL– President Yoon Suk-yeol met with Maryland Gov. Larry Hogan on Friday and asked for his support for South Korean businesses amid concern of discriminatory treatment under the U.S. Inflation Reduction Act (IRA), his office...

 S. Korea should prepare exit strategy of pandemic: adviser

SEOUL– South Korea should prepare to gradually end COVID-19 emergency response system in a step toward the people’s return to normalcy amid a moderate declining trend of the virus, an adviser said Friday. South Korea...