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 Ko...
S. Korea’s top 4 conglomerates take up 40 pct of GDP in 2023
South Korea's top four conglomerates accounted for more than 40 percent of the country's annual gross domestic product (GDP) in 2023, data showed Wednesday. The combined sales of the four family-controlled groups -- Samsung, SK, Hyundai Motor and LG...
Yoon, Japan’s Ishiba to hold 1st summit in Laos on sidelines of ASEAN
President Yoon Suk Yeol and Japanese Prime Minister Shigeru Ishiba are set to hold their first summit on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit in Laos, Yoon's office said Wednesday. Yoon arrived in Vientiane, the...
(2nd LD) Wiz walk off Twins to stay alive in KBO postseason
The KT Wiz walked off the LG Twins 6-5 in 11 innings Wednesday to stay alive in the Korea Baseball Organization (KBO) postseason. No. 9 hitters Sim Woo-jun delivered an infield single with the bases loaded in the bottom 11th before a sellout crowd o...
S. Korea’s peak electricity demand hits record in Sept.
South Korea's peak electricity demand hit a new record in September, as the scorching summer heat extended into the autumn season, data showed Wednesday. The country's peak power demand last month averaged 78 gigawatts, a 6 percent increase from a y...
(LEAD) Wiz outfielder expresses admiration for opponent for pitching soon after father’s death
After homering off LG Twins closer You Young-chan in a Korea Baseball Organization postseason game Tuesday night, KT Wiz center fielder Bae Jung-dae had mixed feelings about the moment. Bae was obviously excited that his two-run shot in the bottom o...
(2nd LD) Blinken to raise N.K.-Russia cooperation issue at ASEAN gatherings in Laos: State Dept.
U.S. 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 we...
(LEAD) Yoon says unified, nuclear-free Korean Peninsula would benefit Indo-Pacific
President Yoon Suk Yeol said Wednesday a unified, nuclear-free Korean Peninsula would contribute to peace and stability in the Indo-Pacific region and unlock new opportunities across a large, interconnected market. Yoon introduced his vision for uni...