According to Mike Berardino, the Minnesota Twins have won the bidding (aka, the posting process from Korea’s top league, the KBO) for the rights to 26-year-old lefty Hyeon-Jong Yang. The Cubs were connected to Yang by one stray report, but he’s not expected to be a top arm. Middle-of-the-rotation is probably the upside, but it seems like a stretch. I reckon the posting fee and eventual contract will reflect that.
The Twins, who were expected to pick up at least some pitching this offseason, could choose to focus on Yang, rather than the second tier pitching market. They had a mixed effort there last year, giving a big contract to Ricky Nolasco, who struggled, and giving a modest contract to Phil Hughes, who dominated (*shakes fist*).
As for the Cubs, we may never quite know how seriously interested they were in Yang, though it seems like he would have been more of a dice roll than a sure thing. And, if so, I’d rather see the Cubs roll their dice on someone like Justin Masterson or Brett Anderson. After, of course, they pick up a couple more certain arms.