UPDATE: Orioles release Suk-min Yoon so he can return to Korea

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UPDATE: An agreement has been reached, as Eduardo A. Encina of the Baltimore Sun reports that the Orioles have have released Yoon. This clears the way for him to sign with the Kia Tigers of the Korea Baseball Organization.

1:13 p.m. ET: Last offseason the Orioles signed Korean right-hander Suk-min Yoon to a three-year, $5.75 million contract, but the first season of the deal went so poorly that the two sides are now figuring out how to part ways.

Eduardo Encina of the Baltimore Sun reports that the Orioles and Yoon are “working to finalize a deal that would allow Yoon out of his MLB contract.” He would then return to Korea, where the 28-year-old was a former MVP.

After signing the three-year deal with the Orioles visa issues delayed Yoon’s arrival to spring training and he was sent to Triple-A, where he stayed for the entire season while posting a 5.74 ERA and 67/26 K/BB ratio in 96 innings.