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11/10/2012 11:26 AM ET

Hanwha Eagles accept bid for negotiating rights to Ryu Hyun-Jin

The Hanwha Eagles of the Korea Baseball Organization have informed Major League Baseball that they have accepted the highest bid for the negotiating rights to 25-year-old left-handed pitcher Ryu Hyun-Jin, it was announced this morning.  The highest bid in the posting process was submitted by the Los Angeles Dodgers.

The Dodgers now have a period of 30 consecutive days to sign Ryu to a Major or Minor League professional contract.

This story was not subject to the approval of Major League Baseball or its clubs.