(LEAD) Ko Jin-young defends LPGA title in Singapore

(ATTN: ADD details, photos, comments)

SEOUL, March 5 (Yonhap) — Former world No. 1 Ko Jin-young defended her LPGA title in Singapore on Sunday, picking up her 14th career win and first in 12 months.

Ko won her second consecutive HSBC Women’s World Championship on the Tanjong course at Sentosa Golf Club in Singapore, shooting a three-under 69 in the final round to finish 17-under 271 overall. Ko held off Nelly Korda of the United States by two shots.

In this AFP photo, Ko Jin-young of South Korea holds the champion’s trophy after winning the HSBC Women’s World Championship at Sentosa Golf Club’s Tanjong Course in Singapore on March 5, 2023. (Yonhap)

Ko, who pocketed US$270,000 for her efforts, hadn’t won on the LPGA Tour since HSBC 2022. She battled a nagging wrist injury in the latter part of the 2022 season and went from 1st to 5th place in the world rankings in the process.

Ko showed signs of life last week in Thailand, where she recorded her first top 10 finish in seven months and then returned to the winner’s circle this weekend.

Ko is also the first LPGA winner in South Korea since Chun In-gee at the KPMG Women’s PGA Championship in June last year.

In this AFP photo, Ko Jin-young of South Korea (right) is congratulated by a friend after winning the HSBC Women’s World Championship at Sentosa Golf Club’s Tanjong Course in Singapore on March 5, 2023. (Yonhap)

Ko held a two-shot lead heading into the final round and birdied three of the front nine to open a three-shot lead.

The lead was reduced to one after Ko had his only bogey of the day on the 11th and Danielle Kang birdied on the 13th to move to 15 under.

Ko replied with her own birdie on the 13th, and Kang knocked herself out with a bogey on the 16th.

Play was suspended for about an hour due to a sudden downpour, but that didn’t dampen Ko’s home stretch as it ended with five straight pars. Overwhelmed with emotion, Ko began dabbing at her eyes as she made her way to the 18th green and cried with joy after securing her long-awaited victory.

“It’s an honor to be able to defend this title,” Ko said in a television interview afterwards. “I trained extremely hard for this title defense, and I’m glad my hard work paid off.”

In this Associated Press photo, Ko Jin-young of South Korea kisses the champion’s trophy after winning the HSBC Women’s World Championship at Sentosa Golf Club’s Tanjong Course in Singapore on March 5, 2023. (Yonhap)

Ko played in the final group with Korda, who she had traded No. 1 rankings with often in recent years. Korda is currently No. 2 and Ko is now playing catch-up.

“She’s a better player than me and I tried to learn from her today,” Ko said of the American star. “I like playing against great players, and we’ve been in the same group a few times in the past.”

Korda’s birdie on the final hole wasn’t enough as Ko extended South Korea’s winning streak to four at the HSBC event.

Park Sung-hyun won the 2019 tournament. The 2020 event was canceled due to COVID-19 and Kim Hyo-joo won it in 2021. Ko is the first player to win consecutive HSBC titles.

In this Associated Press photo, Ko Jin-young of South Korea hits a tee shot during the final round of the HSBC Women’s World Championship at Sentosa Golf Club’s Tanjong Course in Singapore on March 5, 2023. (Yonhap)


#LEAD #Jinyoung #defends #LPGA #title #Singapore

(3rd LD) S. Korea, Japan to set up ‘future youth fund’ under forced labor deal

(ATTN: UPDATES with POSCO statement)

SEOUL, March 5 (Yonhap) — South Korea and Japan have tentatively agreed to establish a “future youth fund” to sponsor scholarships for college students, as part of a settlement agreement. the issue of compensation for Korean victims of wartime forced labor in South Korea. Japan, sources said on Sunday.

The fund will be formed jointly by the Federation of Korean Industries, South Korea’s big business lobby and the Japan Business Federation (Keidanren), according to government sources.

South Korea’s foreign ministry is expected to announce details on Monday along with the details of a broader agreement reached between the two countries to settle the issue of compensation for Korean victims of forced labor during World War II, a- he declared. the sources.

“There is a good chance that South Korea and Japan will form a fund with the aim of moving forward, not backward,” a senior official told Yonhap news agency.

South Korean President Yoon Suk Yeol (L) shakes hands with Japanese Prime Minister Fumio Kishida during their summit at a hotel in Phnom Penh, November 13, 2022. (Yonhap)

In 2018, South Korea’s Supreme Court ordered Japanese companies Nippon Steel and Mitsubishi Heavy Industries to pay compensation to Korean victims of forced labor who were conscripted during the Japanese colonial occupation of Korea from 1910 to 1945.

Both companies are expected to contribute indirectly to the new fund in the form of Keidanren membership fees or donations.

“Discussions are ongoing between the two countries’ business communities and other sectors on how they can contribute to helping the younger generations, future generations in South Korea and Japan usher in a new era in bilateral relations and develop their potential,” National Security said. Councilor Kim said. Sung-han told reporters at Incheon International Airport before departing for Washington for a five-day visit.

The establishment of the fund “must be understood as a decision taken by President Yoon Suk Yeol with an open mind for the future rather than being taken within the framework of compensation”, another official said. .

South Korea earlier offered to compensate the victims through a government foundation using donations from local companies, not the accused Japanese companies.

The proposal has drawn protests from victims, but it will likely be the final deal announced by the Foreign Office on Monday.

Despite repeated requests from South Korea, Japan reportedly refused to make any contribution to the foundation, insisting that all compensation issues were settled under a 1965 treaty that normalized bilateral relations. .

Local businesses contributing to the foundation should be beneficiaries of the 1965 treaty.

South Korean steelmaker POSCO Holdings Inc., whose predecessor received $119.4 million, or 24%, of economic cooperation funds offered by Japan under the 1965 treaty, said it would not had not yet received a request from the government to donate to the foundation.

“Once we receive a formal request, we will actively review it,” the company said.

As part of the agreement between the two countries, Japanese Prime Minister Fumio Kishida is also expected to declare his government’s intention to inherit a 1998 joint declaration adopted by President Kim Dae-jung and later Japanese Prime Minister Keizo Obuchi.

In the statement, the two leaders called for overcoming the past and building new relationships, with Obuchi expressing remorse for the “horrific damage and pain” that Japanese colonial rule inflicted on the Korean people.

Yoon also reportedly plans to travel to Japan at the end of the month to hold a summit with Kishida.

National Security Advisor Kim Sung-han speaks to reporters at Incheon International Airport in Incheon, west of Seoul, on March 5, 2023, ahead of his visit to Washington. (Yonhap)


#3rd #Korea #Japan #set #future #youth #fund #forced #labor #deal

U.S. Transportation Secretary visits SK battery plant site in Kentucky

SEOUL, March 5 (Yonhap) — South Korean battery maker SK On Co. said Sunday that U.S. Transportation Secretary Pete Buttigieg visited the construction site of its new production line in Kentucky early week.

Buttigieg toured the 6.28 million square meter site of the manufacturing campus, named BlueOval SK Battery Park, on Friday and met with officials to discuss the progress of the project that will create 5,000 new jobs, according to SK On.

“When it opens, it will be one of the largest electric vehicle battery factories in the world. The workers here are not just building a factory, they are building livelihoods and they are building the future,” he said. he stated, said Buttigieg, per SK On.

Production is expected to begin in 2025, the company said.

The project is part of the joint US$11.4 billion investment by SK On and Ford Co. to build two electric vehicle battery plants in Kentucky and another in Tennessee.

The batteries that will be produced in the factories will power Ford and Lincoln electric vehicles.

U.S. Transportation Secretary Pete Buttigieg tours the BlueOval SK Battery Park construction site in Kentucky on March 3, 2023, in this photo released by SK On Co. (PHOTO NOT FOR SALE) (Yonhap)


#Transportation #Secretary #tours #battery #factory #site #Kentucky

#Transportation #Secretary #visits #battery #plant #site #Kentucky

Chip inventory-to-sales ratio hits near 26-year high amid sluggish demand

SEOUL, March 5 (Yonhap) — South Korean chipmaker inventories hit their highest level in nearly 26 years in January, data showed on Sunday, reflecting sluggish global demand amid economic uncertainty. .

The chip inventory-to-sales ratio stood at 265.7% in January, the highest since 288.7% posted in March 1997, according to data compiled by Statistics Korea.

A higher ratio generally indicates that companies face more obstacles in selling their products, although the figure may increase when manufacturers source large quantities.

An increase in the ratio may also prompt chipmakers to cut production or lower prices further to maintain sales.

Exports of semiconductors, the country’s main export product, plunged 42.5 percent to $5.96 billion in February from a year earlier amid the semiconductor industry’s down cycle. -drivers. -Drivers.

Asia’s fourth-largest economy heavily dependent on the chip industry, South Korea’s exports fell by the fifth consecutive month in Februarylosing 7.5% year-over-year to $50.1 billion.

The country’s overall outbound shipments, meanwhile, edged up 0.8% over the period, excluding chips, according to separate Commerce Department data shown earlier.

Last week, Finance Minister Choo Kyung-ho called on the National Assembly to quickly pass a bill to provide more tax incentives to chipmakers amid the prolonged decline in exports.

Under the proposed revision of the tax code, the government will apply a higher tax credit rate of 15% on investments in chip industry facilities for conglomerates, which is higher than the revision of 8% passed in Parliament in December.


#Chip #inventorytosales #ratio #hits #26years #high #low #demand

#Chip #inventorytosales #ratio #hits #26year #high #sluggish #demand

(LEAD) PPP launches membership vote to choose new leader

(ATTN: UPDATES with voter turnout; AMENDS headline)
By Lee Minji

SEOUL, March 4 (Yonhap) — The ruling People’s Power Party (PPP) on Saturday launched a vote of paying party members to choose a new leader who will lead the party in next year’s general election and help advance President Yoon Suk Yeol’s agenda.

Rep. Kim Gi-hyeon, widely considered Yoon’s favorite, leads the race with more than 40% support, followed by Rep. Ahn Cheol-soo, lawyer Chun Ha-ram and former Prime Minister Hwang. Kyo. -ahn, according to a recent review. polls.

A second round will take place if none of them obtains a majority in the first vote.

Some 840,000 party members, the largest for a Conservative party to date, are expected to vote by phone and mobile over the next four days to select one of four candidates.

On the first day of polls, voter turnout hit a record high of 34.72 percent, PPP officials said.

The PPP plans to announce the winner at a national convention on Wednesday. But in the event of a second round, the party will announce the new leader on March 12.

This file photo, provided by the ruling People Power Party on February 10, 2023, shows the final candidates at an upcoming national convention to choose a new party leader. They are Rep. Kim Gi-hyeon (L), Ahn Cheol-soo (2nd from L), Chun Ha-ram (2nd from R), a lawyer affiliated with ousted President Lee Jun-seok and former Prime Minister Hwang Kyo-ah. . (PHOTO NOT FOR SALE) (Yonhap)

The upcoming race takes on added significance as the new leader will be tasked with leading the party to win a majority in the National Assembly, after years of the main opposition Democratic Party holding majority power over the bills he wants, including Cabinet of Ministers dismissal motions. .

The presidential office is also watching the race closely, as it wants a Yoon loyalist to lead the party and help push his agenda in the National Assembly through the remainder of his five-year term until 2027.

Recent polls have shown Kim to be the dominant favorite.

In a poll conducted by Gongjung on Feb. 27-28 of 485 PPP supporters, Kim got 45.9%, followed by Ahn at 23%, Chun at 12.7% and Hwang at 10.6%.

A separate poll of 458 PPP supporters conducted by Research View over the same period showed Kim leading the race with 47%, followed by Ahn with 23%, and Chun and Hwang with 12% and 11%, respectively.

Both polls had a margin of error of plus or minus 3.1 percentage points at the 95% confidence level.

Kim highlighted his ability to communicate smoothly with the presidential office.

“I will ensure that the People’s Power Party firmly unites and wins a landslide victory in next year’s general election,” Kim said in a joint campaign speech on Thursday. “The leader of the party must communicate well and sympathize with the president.”

“If someone who harms the party by causing internal discord and division were to come back to the fore, we cannot solve the livelihood and economic issues,” Kim said in a statement. apparent blow to his biggest rival, Ahn.

Ahn called on party members to focus on a possible runoff, noting that Kim failed to secure a majority.

“If you want to make an accurate judgment, please pay attention to the head-to-head debate in the second round,” Ahn said in the joint campaign speech.

“New doubts surrounding Kim are surfacing every morning,” he said, referring to allegations that Kim may have wielded influence to operate a high-speed rail line on land he owns. in the southeastern city of Ulsan and made a profit after land prices rose.

Kim denied the charges and asked the police to investigate the allegations.

Chun, seen as an ally of ousted PPP leader Lee Jun-seok, ran as a candidate to renew the party, while Hwang appealed to traditional conservative supporters.

This March 2, 2023, photo shows the final candidates for the new leader of the ruling People’s Power Party attending a joint campaign speech at a stadium in Gyeonggi province. They are Representative Ahn Cheol-soo (L), former Prime Minister Hwang Kyo-ahn (2nd from L), Representative Kim Gi-hyeon (2nd from R) and Chun Ha-ram, a lawyer affiliated with ousted President Lee Jun. – sok. (Yonhap)

It is the first time that the ruling party will elect its leader solely by a vote of party members without including the results of opinion polls. Some observers say the change could make the question of which candidate supports Yoon a key issue.

Others say a shift in fan demographics, such as an increase in the number of younger party members and those based in the greater Seoul area, could affect the end result. The party is traditionally backed by older voters in Yeongnam, the southeastern region of the country known as a conservative stronghold.

Along with the election of the party leader, the PPP will choose five members to join the party’s Supreme Council at the national convention. Twelve candidates were shortlisted.


#LEAD #PPP #launches #membership #vote #choose #leader

(WBC) South Korean squad travels to Japan for WBC prep

By Yoo Jee-ho

INCHEON, March 4 (Yonhap) — South Korea’s national team traveled to Japan for the World Baseball Classic (WBC) on Saturday, embarking on a journey of redemption after disappointments at previous events.

Led by Lee Kang-chul, South Korea will play two exhibition games in Osaka next week before heading to the Tokyo tournament.

Members of South Korea’s national baseball team pose for photos at Incheon International Airport, west of Seoul, on March 4, 2023, before flying to Japan for the World Classic baseball. baseball. (Yonhap)

South Korea will face the Orix Buffaloes on Monday and the Hanshin Tigers on Tuesday, both at the Kyocera Dome Osaka. His first Pool B game is against Australia on Thursday at the Tokyo Dome.

South Korea will next face Japan on Friday, the Czech Republic on March 12 and China on March 13.

The top two teams after the round robin will advance to the quarter-finals, against qualifiers from Group A – consisting of Chinese Taipei, Cuba, Italy, Panama and the Netherlands. The two quarter-finals of the teams from pools A and B will take place at the Tokyo Dome.

The semi-finals and final will take place at LoanDepot Park, home of the Miami Marlins.

South Korean manager Lee Kang-chul speaks to reporters at Incheon International Airport, west of Seoul, on March 4, 2023, before flying to Japan for the World Baseball Classic. (Yonhap)

South Korea finished third in the inaugural WBC in 2006 and second to Japan in the 2009 edition. However, they crashed out in the first round of each of the next two tournaments, in 2013 and 2017.

Speaking to reporters before boarding his flight to Osaka on Saturday, manager Lee said he was going to accept the pressure that comes with his job.

“It’s an honor to hold this position and I feel the weight of responsibility,” Lee said. “But I also see it as a great opportunity that few people would have. I will all try to bring back great results.

The 30-man national team includes two major leaguers: Kim Ha-seong of the San Diego Padres and Tommy Edman of the St. Louis Cardinals.

Members of the South Korean national baseball team pose for a group photo after practice for the World Baseball Classic at the Gocheok Sky Dome in Seoul on March 3, 2023. (Yonhap)

Edman was born in the United States to a Korean mother and an American father. He is the first foreign national to play for South Korea in an international baseball tournament, thanks to the WBC’s loose eligibility rules.

Kim and Edman only joined South Korea on Thursday for their first practice, unable to join the team for a two-week camp in Arizona due to club commitments. They were also ineligible for the South Korean scrum in Seoul on Friday, but will be able to play in both exhibitions in Osaka.

After Friday’s scrimmage, Lee hinted that Edman and Kim would reach the top of the order, setting the stage for a few boppers to follow. Lee also said the rest of the roster is mostly set, though he could change “one or two players, depending on the opposing starting pitcher in a given game.”

There are four former major leaguers in outfielder Kim Hyun-soo, infielder Park Byung-ho, and pitchers Kim Kwang-hyun and Yang Hyeon-jong.

Outfielder Lee Jung-hoo, the reigning Korea Baseball Organization (KBO) MVP, will have his first international showcase since his club, Kiwoom Heroes, announced in January that it would post Lee for major league clubs after the 2023 season.


#WBC #South #Korean #squad #travels #Japan #WBC #prep

North Korea renews its promise to strengthen its nuclear arsenal

SEOUL, March 4 (Yonhap) — North Korea on Saturday renewed its commitment to bolster its nuclear arsenal, saying its own nuclear deterrent would ensure the balance of power in the region.

The North’s Foreign Office has also criticized the United States for leading the collapse of international arms control systems.

“Nuclear deterrence ensures a balance of forces in the region and strong physical security to prevent the outbreak of a new war,” the North Ministry said in a commentary.

North Korea has claimed that the unilateral buildup of armaments by the United States and its allies increases the risk of armed conflict on the Korean peninsula.

The North’s statement came as South Korea and the United States announced they would conduct joint military exercises this month to bolster allies’ defensive posture.

The joint exercise, called Exercise Freedom Shield, is scheduled to take place March 13-23 without interruption, marking the longest stretch of their joint computer simulation command post exercise.

It is to take place at the same time as the new large-scale field training exercise, called “Warrior Shield”, in accordance with the desire of the allies to strengthen training programs and improve their “realism”.


#North Korea #renews #promise #strengthen #arsenal #nuclear

#North #Korea #renews #promise #strengthen #nuclear #arsenal

New men’s soccer coach Klinsmann is due to travel to South Korea on Wednesday

SEOUL, March 04 (Yonhap) — Jurgen Klinsmann, new coach of South Korea’s men’s national soccer team, will arrive on Wednesday.

The Korea Football Association (KFA) announced on Saturday that German football legend Klinsmann named South Korea’s new bench boss earlier this week, is due to land at Incheon International Airport, west of Seoul, at 5:20 a.m. Wednesday. There will be a scrum and then a press conference at a hotel in Seoul at 2 p.m. Thursday.

Klinsmann, 58, succeeds Paulo Bento, who coached South Korea to the last 16 of the FIFA World Cup last year to cap his four-year tenure.

This Associated Press file photo from November 12, 2015 shows Jurgen Klinsmann, the new head coach of the South Korea men’s national soccer team. (Yonhap)

Klinsmann is signed until the next FIFA World Cup in 2026.

Klinsmann was one of the best strikers in the world during his playing days, winning the 1990 World Cup for West Germany and becoming the first player to score at least three goals in three consecutive World Cups.

As head coach, Klinsmann led Germany to third place at the 2006 World Cup and the United States to the round of 16 at the 2014 tournament.

He hasn’t coached a national team since 2016 and his last stint as a club coach, with Hertha BSC, lasted just 10 weeks at the start of 2020. He has also been criticized for overemphasizing physical fitness and not offering much tactical advice.

Klinsmann will have two chances to silence his detractors this month. He will make his South Korea debut against Colombia in a friendly match on March 24 in Ulsan, some 310 kilometers south of Seoul, and then face Uruguay four days later in Seoul.


#men #football #coach #Klinsmann #due #trip #South Korea #Wednesday

#mens #soccer #coach #Klinsmann #due #travel #South #Korea #Wednesday

(WBC) In a possible international swan song, the South Korean captain seeks to take his team to great heights

By Yoo Jee-ho

INCHEON, March 4 (Yonhap) — Among the South Korean position players competing in this month’s World Baseball Classic (WBC), no one has as much resume as outfielder Kim Hyun-soo.

Kim has represented the country nine times on the international stage, starting with the gold medal at the Beijing Olympics in 2008. Kim has also won three gold medals at the Asian Games and the 2015 Premier12 title. In 59 international matches , Kim hit .364 with 46 RBIs.

It’s no wonder his teammates turned to Kim, literally, when the coaching staff wanted to name the national team captain for the WBC.

South Korean captain Kim Hyun-soo (left) speaks to reporters at Incheon International Airport, west of Seoul, on March 4, 2023, before flying to Japan for the world classic baseball. (Yonhap)

“When it came time to vote captain, everyone looked at me,” Kim said with a smile at Incheon International Airport on Saturday, before flying to Osaka for the WBC exhibition matches. next week. The tournament begins in earnest for South Korea on Thursday in Tokyo.

“I don’t know if I have what it takes to be captain,” Kim said. “I happen to have this title next to my name. The national team is a collection of great players, and we will all do our best and deliver great results.

South Korea will try to get out of the first round for the first time since 2009, when they finished in second place ahead of Japan.

Kim, who was part of that 2009 team, said this year’s WBC added meaning on a personal level.

“Every international competition means a lot to me, but this one is particularly important because it could be my last,” said the 35-year-old outfielder. “We have worked hard so far and we will have a few more days in Japan before the tournament, which will give us plenty of time to be as prepared as possible.”

South Korean captain Kim Hyun-soo (L) chats with teammates during practice for the World Baseball Classic at the Gocheok Sky Dome in Seoul on March 2, 2023. (Yonhap)

South Korean players have long named the opening game against Australia, scheduled for Thursday midday at the Tokyo Dome, as the most crucial of their tournament. Win this game and the path to the quarter-finals as one of the top two teams in Pool B will be pretty clear. Otherwise, South Korea will face an inescapable situation against world number one Japan on Friday night.

Kim said he and his teammates watched plenty of clips of the Aussie pitchers to get to grips with, although getting into the box in real life is a different story.

“The stress level isn’t as high when you study pitchers on film. Once we see them in person, we’ll feel a little more nervous,” Kim said. “So we will continue to study cinema and discuss among ourselves the best way to deal with these pitchers.”


#WBC #international #swan #song #South Korea #captain #seeking #team #tall #height

#WBC #international #swan #song #South #Korean #captain #seeks #team #great #heights

Top headlines from major South Korean newspapers

SEOUL, March 4 (Yonhap) — Here are the headlines from major South Korean newspapers on March 4.

daily newspapers in Korean
“I didn’t know Kim Mun-ki,” Lee Jae-myung said. “The indictment is unfair” (Kyunghyang Shinmun)
— Lee Jae-myung denies making ‘false statements’ in first trial (Kookmin Daily)
— ‘Lee Jae-myung trial’ begins… clashes with prosecution for 5 hours (Donga Ilbo)
— Natural Science Department’s “Top 20” wiped out (Segye Times)
— Monthly national pension payment increased in 25 years (Chosun Ilbo)
— 3 new difficulties, South Korea’s export engine slows down (JoongAng Ilbo)
– Victory in history is won when we rise to fight (Hankyoreh)
— Few keywords show lewd photos… “The Deviation of AI” (Hankook Ilbo)
— Encourage local banks to compete with private banks (Maeil Business Newspaper)
– Samsung SDI signs 5 trillion won ‘battery alliance’ deal with US GM (Korea Economic Daily)

#top #headlines #big #newspapers #south #korean

#Top #headlines #major #South #Korean #newspapers