JEJU, May 23 (Korea Bizwire) —The investigation into the incident that disrupted flight operations at Jeju International Airport, a critical national facility, will be concluded without a definitive determination of whether it involved a bird or a drone. The Jeju West Police Station announced their decision due to insufficient evidence to ascertain the circumstances surrounding [...]
SEOUL, May 19 (Korea Bizwire) — The U.S. government is considering suing to block South Korean national flag carrier Korean Air Co.’s planned acquisition of its smaller domestic rival Asiana Airlines Inc. due to competition reasons, a news report has said. The two Korean airlines’ planned merger may harm competition on passenger and cargo traffic [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for the three months ended in March fell to 355.42 billion won from 543.85 billion won (US$406 million) during the same [...]
SEOUL, April 23 (Korea Bizwire) — South Korean air carriers saw the number of international passengers spike sixteenfold in the first quarter from a year earlier, driven by a surge in demand amid border reopenings, government data showed Sunday. The number of passengers that used international flights operated by Korean Air Lines Co., Asiana Airlines [...]
SEOUL, April 12 (Korea Bizwire) — Jeju Air Co., South Korea’s leading low-cost carrier, said Wednesday it will resume the Incheon-Qingdao route later this month after three years of suspension due to the COVID-19 pandemic. Jeju Air plans to provide flights to Qingdao on a daily basis starting April 30, while expanding flights from Incheon [...]
SEOUL, March 26 (Korea Bizwire) — Eastar Jet Co., a South Korean budget carrier, said Sunday it resumed flights starting with a domestic route, three years after it suspended operations amid the COVID-19 pandemic outbreak and a court-led restructuring. It resumed 20 flights between Gimpo, west of Seoul, and the southernmost island of Jeju, including [...]
SEOUL, March 21 (Korea Bizwire) — Innospace, a South Korean space startup, said Tuesday its suborbital test launch vehicle, HANBIT-TLV, has made a successful flight, marking the country’s first civilian-made space rocket. The 8.4-ton thrust single stage hybrid rocket was fired from the Alcantara Space Center in northern Brazil at 2:52 p.m. Sunday (local time), [...]
SEOUL, March 20 (Korea Bizwire) — Innospace, a South Korean space startup, said Monday its suborbital test launch vehicle, HANBIT-TLV, has been launched. The 8.4-ton thrust single stage hybrid rocket was fired from the Alcantara Space Center in northern Brazil at 2:52 p.m. Sunday (local time), or 2:52 a.m. Monday (Korean time), according to the [...]
SEOUL, March 16 (Korea Bizwire) — U.S. space firm SpaceX has set up a subsidiary in Seoul to launch satellite internet services using Starlink here, industry sources said Thursday. SpaceX established Starlink Korea LLC on March 8, and Lauren Ashley Dreyer, SpaceX’s senior director of Starlink business operations, has been appointed as representative, according to [...]
SEOUL, March 14 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier (LLC), said Tuesday it will resume flights later this month after a three-year hiatus due to the COVID-19 pandemic, with a focus on putting its business back on track. Eastar Jet, a China-focused carrier, received an air operator certificate (AOC) from [...]