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Korean Basketball League
The Korean Basketball League (KBL; ) is a professional men's basketball league in South Korea which was established in 1997. The league consists of ten teams and each team plays a total of 54 games (27 home and 27 away) in the regular season. History The Korean Basketball League was established in 1997. Prior to the professional era, domestic basketball was an amateur sport and all teams, whether sponsored by a corporate company or a university, participated in the National Basketball Festival (Korean: 농구대잔치), a competition sanctioned by the Korea Basketball Association. Early teams were sponsored by major corporate companies or universities. The Korea Development Bank (KDB) and Industrial Bank of Korea (IBK) established their basketball teams as early as the 1950s and 1960s while Yonsei University and Korea University are considered pioneers of domestic college basketball, having introduced the sport to their institutions before World War II. During the 1970s and 198 ...
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Korea Basketball Association
The Korea Basketball Association (KBA; ko, 대한농구협회) is the governing body of basketball in South Korea. Formed in 1925, it is based in Seoul. The KBA is a member of the International Basketball Federation (FIBA) and FIBA Asia. The current president of the federation is Pang Yul. The federation also organizes the South Korea national basketball team and the South Korea women's national basketball team. Tournaments * Korean Basketball League * Women's Korean Basketball League Logo Image:KoreaBasketballAssociation.gif, ?-2013 Image:Korea Basketball Association.png, 2014–present References External links KBA official siteKBL official siteWKBL official site Basketball in South Korea Basketball Basketball is a team sport in which two teams, most commonly of five players each, opposing one another on a rectangular Basketball court, court, compete with the primary objective of #Shooting, shooting a basketball (ball), basketball (appr ... Basketball ...
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Hyundai Electronics
SK hynix Inc. is a South Korean supplier of dynamic random-access memory (DRAM) chips and flash memory chips. Hynix is the world's second-largest memory chipmaker (after Samsung Electronics) and the world's third-largest semiconductor company. Founded as Hyundai Electronic Industrial Co., Ltd. in 1983 and known as Hyundai Electronics, the company has manufacturing sites in Korea, the United States, mainland China and Taiwan. In 2012, when SK Telecom became its major shareholder, Hynix merged with SK Group (the third largest conglomerate in South Korea). The company's major customers include Microsoft, Apple, Asus, Dell, MSI, HP Inc., and Hewlett Packard Enterprise (formerly Hewlett-Packard). Other products that use Hynix memory include DVD players, cellular phones, set-top boxes, personal digital assistants, networking equipment, and hard disk drives. History * 1949: Founded as Gukdo construction. * 1983: Incorporated and renamed as Hyundai Electronics Industries Co., Ltd. * ...
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Round-robin Tournament
A round-robin tournament (or all-go-away-tournament) is a competition Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, indiv ... in which each contestant meets every other participant, usually in turn.''Webster's Third New International Dictionary of the English Language, Unabridged'' (1971, G. & C. Merriam Co), p.1980. A round-robin contrasts with an elimination tournament, in which participants/teams are eliminated after a certain number of losses. Terminology The term ''round-robin'' is derived from the French term ''ruban'', meaning "ribbon". Over a long period of time, the term was Folk etymology, corrupted and idiomized to ''robin''. In a ''single round-robin'' schedule, each participant plays every other participant once. If each participant plays all others twice, this is freque ...
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FIBA
The International Basketball Federation (FIBA ; French: ) is an association of national organizations which governs the sport of basketball worldwide. Originally known as the (hence FIBA), in 1989 it dropped the word ''amateur'' from its name but retained the acronym. FIBA defines the rules of basketball, specifies the equipment and facilities required, organises international competitions, regulates the transfer of athletes across countries, and controls the appointment of international referees. A total of 213 national federations are now members, organized since 1989 into five zones: Africa, Americas, Asia, Europe, and Oceania. FIBA organizes both the men's and women's FIBA World Olympic Qualifying Tournament and the Summer Olympics Basketball Tournament, which are sanctioned by the IOC. The FIBA Basketball World Cup is a world tournament for men's national teams held every four years. Teams compete for the Naismith Trophy, named in honor of basketball's American-Canadi ...
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Maeil Business Newspaper
The ''Maeil Business Newspaper'' is South Korea's main daily business newspaper. , it had a circulation of roughly 900,000. The president of the publishing company is Chang Dae-hwan. The publishing company Maekyung Media Group also hosts the annual World Knowledge Forum. The first edition of the newspaper was published on March the 24th, 1966, and had 12 pages in its inaugural issue. Political position Maeil Business Newspapers are generally moderate media, but many say they are close to pro-business conservatism. In particular, when major South Korean media are divided into the dichotomy of conservative and progressive-liberal, they are classified as clear conservative media. Notes Further reading * See also *Maeil Broadcasting Network Maeil Broadcasting Network, Inc. (MBN) (주식회사 매일방송) is a South Korean cable TV network operated by the ''Maeil Business Newspaper''. History Initially founded on September 23, 1993, as Maeil Business TV, the station's ...
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The Hankyoreh
''The Hankyoreh'' (, literally "The Korean Nation" or "One Nation") is a centre-left liberal daily newspaper in South Korea. It was established in 1988 after widespread purges forced out dissident journalists, and was envisioned as an alternative to existing newspapers, which were regarded as unduly influenced by the authoritarian government at the time. When it launched, it claimed to be "the first newspaper in the world truly independent of political power and large capital." As of 2016, it has been voted as the most trusted news organization by Korean journalists for nine consecutive years but also it is the least influential news outlet by the survey. It has online editions in English, Chinese, and Japanese. History The newspaper was originally established as ''Hankyoreh Shinmun'' () on 15 May 1988 by ex-journalists from the Dong-a Ilbo and Chosun Ilbo. At the time, government censors were in every newsroom, newspaper content was virtually dictated by the Ministry of Cultur ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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Seoul Capital Area
The Seoul Capital Area (SCA), Sudogwon (, ) or Gyeonggi region (), is the metropolitan area of Seoul, Incheon, and Gyeonggi Province, located in north-west South Korea. Its population of 26 million (as of 2020) is ranked as the fifth largest metropolitan area in the world. Its area is about . It forms the cultural, commercial, financial, industrial, and residential center of South Korea. The largest city is Seoul, with a population of approximately 10 million people, followed by Incheon, with 3 million inhabitants. Geography and climate The Capital Area occupies a plain in the Han River valley. It contains some of the most fertile land on the Korean peninsula, although relatively little of it is now used for agriculture. The Gimpo international airport, one of the country's larger expanses of level arable land, covers much of the area of the cities of Gimpo and Bucheon. History The Capital Area has been home to a Korean capital for around 2,000 years. Its central locati ...
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JoongAng Ilbo
''The JoongAng'', formally known as ''JoongAng Ilbo'', is a South Korean daily newspaper published in Seoul, South Korea. It is one of the three biggest newspapers in South Korea, and a newspaper of record for South Korea. The paper also publishes an English edition, ''Korea JoongAng Daily'', in alliance with the ''International New York Times''. It is often regarded as the holding company of JoongAng Group chaebol as it is owner of various affiliates, such as the broadcast station and drama producing company JTBC, and movie theatres chain Megabox. History It was first published on September 22, 1965, by Lee Byung-chul, the founder of Samsung Group which once owned the Tongyang Broadcasting Company (TBC). In 1980, ''JoongAng Ilbo'' gave up TBC and TBC merged with KBS. ''JoongAng Ilbo'' is the pioneer in South Korea for the use of horizontal copy layout, topical sections, and specialist reporters with investigative reporting teams. Since April 15, 1995, ''JoongAng Ilbo'' has b ...
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Korea Armed Forces Athletic Corps
Korea Armed Forces Athletic Corps (), commonly known as the Sangmu (), is the sports division of the Republic of Korea Armed Forces. Its headquarters are located in Mungyeong, Gyeongsangbuk-do. It was founded in 1984 by the integration of the athletic teams of ROK Army, ROK Navy and ROK Air Force. Composition First Athletic Unit * Football — Gimcheon Sangmu FC take part in '' K League'' * Basketball — Sangmu Basketball Team take part in ''Korean Basketball League's Reserve League'' * Handball — Sangmu Phoenix take part in ''Handball Korea League'' * Rugby * Boxing * Judo * Wrestling Second Athletic Unit * Baseball — Sangmu Baseball Team take part in ''Futures League (Korea Professional Baseball's Reserve League)'' * Volleyball — Sangmu Volleyball Team took part in '' V-League'' * Badminton * Tennis * Field hockey * Gymnastics * Weightlifting * Table tennis Third Athletic Unit * Women's football — Busan Sangmu WFC take part in '' WK-League'' * Taekwondo * Shootin ...
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Korea Economic Daily
The ''Korea Economic Daily'' (nicknamed ''Hankyung'' (from ''han'' - South Korea and ''kyung'' - business) is a conservative and business daily newspaper in South Korea. It is the largest business newspaper by revenue in South Korea. It was founded on October 12, 1964, as the ''Daily Economic Newspaper'' and took its current name in 1980.Company Overview of The Korea Economic Daily
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Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The m ...
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Wonju DB Promy
The Wonju DB Promy is a professional basketball club in the Korean Basketball League (KBL), located in the city of Wonju. From its founding in 1996, the team has always been based in its home province of Gangwon. It has the rare distinction of being the only team in the KBL to have never changed its hometown despite changing names and corporate sponsors several times. Due to this long-standing relationship with the city of Wonju, the team enjoys a particularly strong local fanbase and is Gangwon Province's oldest sports team. History Pre-KBL era Wonju DB Promy traces its origins to the basketball team founded by Naray Telecom in 1996. It was one of several basketball teams started by corporate companies hoping to take advantage of the "basketball craze" taking place during the early to mid-1990s. By then, the Korean Basketball Association was starting to organize a professional league. Prior to 1997, domestic basketball was an amateur sport and all teams, whether sponsored by a c ...
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