KBO Raises Salary Cap, Eases Penalties in Move Poised to Reshape League Economics

SEOUL, Sept. 26 (Korea Bizwire) — South Korea’s professional baseball league is set for sweeping financial changes after the Korea Baseball Organization (KBO) raised salary caps and relaxed penalties, a move expected to drive up player salaries and intensify free-agent bidding wars. The KBO board, made up of presidents from the league’s 10 clubs, voted [...]