Yonhap News Summary

The following is the first summary of major stories moved by Yonhap News Agency on Monday.

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■ FTC to fine Baemin 331 bln won, Coupang 300 bln won for unfair practices

SEOUL -- South Korea's antitrust regulator said Monday it will fine Woowa Brothers Corp., the operator of delivery app Baemin, 331.1 billion won (US$243 million) and Coupang Corp. 300.8 billion won for abusing their market dominance to restrict competition.

The two companies, which operate Baemin and Coupang Eats, respectively, pressured partner restaurants to offer terms at least as favorable as those available on competing platforms, according to the Fair Trade Commission (FTC).

https://en.yna.co.kr/view/AEN20261109004200320

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■ Lee vows to hire more firefighters, expand investment to ensure public safety

SEOUL -- President Lee Jae Myung on Monday vowed to hire more firefighters and increase investment in strengthening their capabilities to ensure public safety amid diverse disaster risks.

Lee made the pledge during a ceremony marking the 64th Day of Firefighting in in the central city of Sejong, attended by government officials, firefighters, those who died while on duty and their bereaved families.

https://en.yna.co.kr/view/AEN20261109004000315

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■ Lee's approval rating falls to 35.9 pct: poll

SEOUL -- President Lee Jae Myung's approval rating fell to 35.9 percent last week likely due to an intense political standoff over legislation and stock market volatility, a pollster said Monday.

Positive assessments of Lee's job performance dropped by 1 percentage point from the previous week in the poll conducted on 2,528 adults from last Monday to Friday, according to Realmeter.

https://en.yna.co.kr/view/AEN20261109001600315?section=search

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■ SK hynix to expand U.S. workforce to deepen ties with key clients

SEOUL -- South Korean chipmaker SK hynix Inc. is preparing to expand its U.S. workforce, its parent company said Monday, in what appears to be a move to strengthen ties with major U.S. clients, including Nvidia Corp.

SK hynix plans to make additional executive appointments and reorganize its U.S. operations around Dec. 3, according to SK Group.

https://en.yna.co.kr/view/AEN20261108003900320?section=search

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■ Late Hyosung honorary chairman receives Korea-U.S. Friendship Award

SEOUL -- Hyosung Group said Monday its late honorary chairman, Cho Suck-rai, has been posthumously honored with the 24th Korea-U.S. Friendship Award in recognition of his contributions to strengthening the alliance between South Korea and the United States.

Cho played a leading role in promoting international economic exchanges, serving as international president of the Pacific Basin Economic Council in 2002, and heading major business cooperation organizations at home and abroad.

https://en.yna.co.kr/view/AEN20261109002100320?section=search

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■ Innospace to launch upgraded suborbital rocket in Brazil on Nov. 29

SEOUL -- South Korean space startup Innospace Co. said Monday it plans to launch its upgraded multipurpose suborbital rocket, Sebit, in Brazil on Nov. 29, following an unsuccessful maiden test flight in August.

The company has secured a 26-day launch window from Nov. 16 to Dec. 11 at the Alcantara Launch Center in Brazil, in coordination with state-owned aerospace company ALADA, the Brazilian Air Force and the Brazilian Space Agency.

https://en.yna.co.kr/view/AEN20261109001500320?section=search

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■Troubled broadcaster JTBC to select preferred bidder in Jan.

SEOUL -- Debt-ridden South Korean broadcaster JTBC plans to select a preferred bidder in January, the company said Monday, putting up its official notice for the envisioned sale.

The sale will be conducted through an open competitive bidding process through the injection of external capital, EY Hanyoung, the accounting firm advising the sale, said in the notice.

https://en.yna.co.kr/view/AEN20261109001900315?section=search
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