Sports, Recreational Equipment

First gold comes from men's archery; Judoka takes surprise silver

South Korea wasted little time picking up its first gold of the Rio de Janeiro Olympics, as the men’s archery team came out on top on the first day of the competition Saturday. The trio of Kim Woo-jin, Ku Bon-chan and Lee Seung-yun defeated the United States team of Brady Ellison, Zach Garrett and Jake Kaminski by the set score of 6-0 at Sambodromo. It was South Korea’s fifth Olympic gold in the men’s team archery event and avenged its loss [...]

Brazil equity funds shine ahead of Rio Olympics

South Korean equity funds investing in Brazilian shares yielded much higher than other overseas stock funds in July ahead of the Summer Olympics in Rio de Janeiro, a market tracker said Tuesday. According to fund rating and consulting firm KG Zeroin, Brazilian equity-related funds posted the highest return of 8.33 percent among overseas stock funds here as of July 29. Funds for healthcare stocks trailed with 6.69 percent, followed by German equity funds with 6.39 percent and funds for basic materials [...]

LIG SUPPORTS DISABLED SOCCER TEAM — LIG Group and its affiliates donated 70 million won ($62,000) to the Korean Football Association For the Disabled to mark Korea‘s Disability Awareness Day on Wednesday. Group affiliate Huseco CEO Kim Gye-hong (right) poses with KFAD president Nam Young-woo during a ceremony to deliver the funds at the group‘s headquarters in Seoul. LIG has financially supported the soccer association since its founding in 2007. (LIG) Source:

SK hynix to launch handball team

Semiconductor manufacturer SK hynix said Monday it would launch a men’s handball team in a bid to contribute to the growth of the sport in the country. Since signing a sponsorship deal with the Korea Handball Federation, an umbrella association for handball, in 2007, SK Group, the parent firm of the chip company, has been supporting the sport in Korea. SK Group chairman Chey Tae-won has served as the chief of the handball organization since 2009. The conglomerate also took over a [...]

Korea clinch 8th straight Olympic football berth

South Korea clinched a record eighth straight Olympic men’s football berth on Tuesday with a 3-1 victory over Qatar at the Asian qualification tournament. Midfielder Kwon Chang-hoon broke the 1-1 tie in the 89th minute at Jassim Bin Hamad Stadium in Doha to lift South Korea to the final of the Asian Football Confederation (AFC) U-23 Championship and give the country one of three Asian berths at the 2016 Summer Olympics in Rio de Janeiro. Moon Chang-jin put the icing [...]