A total of 18 players found new clubs through the KBO’s second round draft on Wednesday.Jeong Keun-woo [NEWS1]The KBO’s second round draft happens once every two years. Unlike the rookie draft, where clubs pick top high school or college graduates, the second round draft is a closed-door process where teams can draft any player contracted to another club, as long as they are not included on the 40-man roster.The second round draft was created based on the major league’s Rule 5 draft. In December every year in the major league, the Rule 5 draft allows teams to draft young players who are only getting the opportunity to play in the minors. The KBO established the second round draft with the same idea - giving players stuck in the Futures League a shot at joining the KBO. The system was established in November 2011, and this year marks the fifth edition.Within the second round draft there are three rounds. If a player gets drafted in the first round, the club that … [Read more...] about Clubs go shopping at second round draft
‘Kill This Love’ makes top 10 list
Blackpink’s music video for “Kill This Love” was named as the seventh most-watched music video of 2019 by YouTube, becoming the only K-pop act to make the top 10 list. On Tuesday, YouTube uploaded a list of the 10 most-watched music videos in 2019, with Blackpink’s hit song ranking seventh, ahead of Billie Eilish’s “Bad Guy” and Ariana Grande’s “7 Rings.” “Kill This Love” was seen over 100 million times within 62 hours of its release on April 5, and also hit the 200-million view mark in the fastest amount of time for a K-pop act. The video currently has around 650 million views. Blackpink was recently named the Group of 2019 at the People’s Choice Awards, where they also took home The Music Video of 2019 and The Concert Tour of 2019 awards. By Yoon So-yeon … [Read more...] about ‘Kill This Love’ makes top 10 list
Rail strike is not too disruptive
The union workers of Korail hold a strike in front of Seoul Station on Wednesday. The union workers have been demanding that the rail company increase their wages and hire more than 4,000 additional workers. [KIM KYUNG-ROK] Mr. Koo, a 40 year-old office worker, was at Gimhae International Airport in Busan waiting for a flight to Seoul on Wednesday morning. Koo initially planned to take the 6:12 a.m. KTX high-speed train to Seoul. He changed his plan at the last minute because he feared a strike by Korean railway union workers could cause travel delays. “I needed to arrive in Seoul at the right time,” Koo said. “After reading that they were cutting back on the number of trains, I immediately switched to a plane.” But at 8 a.m. the same morning, Suwon Station didn’t show any sign of travel problems. An overhead electronic sign notified passengers that the 8:42 a.m. train headed to Yongsan Station would be late - by three minutes. The Korean Railway … [Read more...] about Rail strike is not too disruptive
Tax agency looks offshore to track down the cheats
A multinational IT company is suspected of having avoided taxes by routing payments through a contrived overseas setup that reduced or eliminated its obligations.The company’s local presence was registered as a service arm of the parent, while money earned was sent directly to foreign entities incorporated in jurisdictions that have tax treaties with Korea. The funds would eventually be remitted to the parent, which is in a non-treaty country.By doing this, the company avoided local corporate and value-added taxes while it also avoided the 15 percent withholding tax charged on most outbound payments.An adult child of a hotel owner with no apparent means of support lived a luxurious lifestyle, purchasing high-end watches and bags, while living abroad for extensive periods, charging his extravagant lifestyle on his father’s credit card.The National Tax Service (NTS) considers this as a way of avoiding the inheritance taxes. In another case, a father paid the tuition of a … [Read more...] about Tax agency looks offshore to track down the cheats
Hung Vuong Corporation stock price continue to drop half of value
The stock of Hung Vuong Corporation has dropped to half its value over-month Hung Vuong Corporation (HSX: HVG) has just released announcement No.030519/CV-HVG on its website about fully divesting Hung Vuong Song Doc JSC. This is the result of the May 2 meeting of the HVG board of directors. HVG owns 32.13 million shares at Hung Vuong Song Doc JSC, equivalent to 51 per cent. By the last day of March 2019, HVG’s subsidiaries included: No Company names Percentage of ownership 1 Angiang Fisheries Import Export JSC (AGIFISH Co) 79.58 2 An Lac Real Estate JSC 76 3 HVBT Seafood Processing Co.,Ltd 90 4 Eroupe JSC (EUR) 80 5 Asia Co.,Ltd 96 6 Tac Van Seafoods Co 66.78 7 Hung Vuong Song Doc JSC 51 Associated companies 8 Hung Vuong – An Giang Football JSC 48 9 Viet Thang Feed JSC (VTF) 31.16 10 Hung Vuong Mien Tay Aquaculture JSC 48 11 Hung Vuong – Sa Dec Co.,Ltd 40 12 … [Read more...] about Hung Vuong Corporation stock price continue to drop half of value
