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India seeks to avert summons for Samsung boss

India's government is scrambling to prevent the boss of South Korea's Samsung Electronics from being forced to appear in an Indian court on criminal charges over a $1.4-million payment dispute, reports said Friday. The Supreme Court ordered Lee Kun-Hee, South Korea's richest man, to appear in a local court within six weeks to answer fraud and other criminal charges stemming from the dispute or face arrest if he steps onto Indian soil.

S. Korean teams back in AFC Champion League action this week

SEOUL, March 31 (Yonhap) -- After a short break, four South Korean clubs will return to action in the group stage at the AFC Champion League this week, hoping to take a step closer to a berth in the knockout phase. In perhaps the most anticipated match of the week involving K League Classic clubs, Jeonbuk Hyundai Motors will host Guangzhou Evergrande of China, the defending AFC champ, on Wednesday in their Group G showdown.

POSCO, KDB moving to take over Dongbu Steel's Incheon operation: sources

SEOUL, March 27 (Yonhap) -- POSCO, South Korea's largest steel producer, and Korea Development Bank (KDB) are moving to take over Dongbu Steel's operations in Incheon, west of Seoul, industry sources said Thursday. According to financial insiders and industry observers, the two partners will sign a memorandum of understanding and confidential agreement (CA) with the steel mill and start necessary proceedings for the eventual purchase.

Big biz operating profit ratios fall in 2013: report

SEOUL, March 10 (Yonhap) -- Operating profit ratios of most large South Korean companies fell last year in the face of tough economic challenges, a report by a local conglomerate researcher said Monday. According to Chaebul.com, sales and operating profits of 84 listed affiliates belonging to the country's top 10 business groups, excluding financial firms, reached 695.3 trillion won and 48.6 trillion won, respectively, in 2013, up 2.3 percent and 2.5 percent from the year before.

Big biz operating profit ratios fall in 2013: report

SEOUL, March 10 (Yonhap) -- Operating profit ratios of most large South Korean companies fell last year in the face of tough economic challenges, a report by a local conglomerate researcher said Monday. According to Chaebul.com, sales and operating profits of 84 listed affiliates belonging to the country's top 10 business groups, excluding financial firms, reached 695.3 trillion won and 48.6 trillion won, respectively, in 2013, up 2.3 percent and 2.5 percent from the year before.

New pro football season to kick off with usual suspects to contend for title

By Yoo Jee-ho SEOUL, March 3 (Yonhap) -- The top South Korean professional football league will kick off its new season at the weekend with some of the usual suspects ready to battle for supremacy once again. The 12-team K League Classic will open its 2014 season on Saturday with three matches, including the rematch of the last season's dramatic finale between the champ Pohang Steelers and the runner-up Ulsan Hyundai.

New pro football season to kick off with usual suspects to contend for title

By Yoo Jee-ho SEOUL, March 3 (Yonhap) -- The top South Korean professional football league will kick off its new season at the weekend with some of the usual suspects ready to battle for supremacy once again. The 12-team K League Classic will open its 2014 season on Saturday with three matches, including the rematch of the last season's dramatic finale between the champ Pohang Steelers and the runner-up Ulsan Hyundai.

Festivals Calendar - March 2014

SEOUL, Feb. 28 (Yonhap) -- The following are major cultural and tourist festivals to be held in South Korea in March. * Gorosoe (Painted Maple Sap) Festival When: March 8 Where: Namwon, North Jeolla Province

(Olympics) S. Korea, Russia to cooperate for successful PyeongChang games

SEOUL, Feb. 24 (Yonhap) -- Seoul and Moscow have agreed to boost cooperation to successfully host the next winter games in the South Korean city of PyeongChang, the government here said Monday. The commitment was made during a meeting between South Korean Prime Minister Chung Hong-won and Russian President Vladimir Putin on Sunday in the Russian city of Sochi before the closing ceremony of the Winter Olympics.

Olympics: Pyeongchang confident of avoiding Sochi slip-ups

Few countries have followed the Winter Olympics with the same intensity as the 2018 host, South Korea, which is desperate to avoid the controversies that tainted the run-up to the Games in Sochi. On a purely sporting level, the Games ended on a sour note for South Korean fans, who felt their figure skating idol Kim Yu-Na was robbed of a repeat gold by poor judging. About two million people have signed an online petition demanding a review of the long programme scores that saw home favourite Adelina Sotnikova leapfrog Kim for the gold medal.
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