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Hanjin Chairman Wins Vote Showdown, but Uncertainty Lingers over His Grip

Hanjin Chairman Wins Vote Showdown, but Uncertainty Lingers over His Grip

SEOUL, March 27 (Korea Bizwire) — Shareholders of Hanjin KAL Corp., the holding company of logistics-to-airline conglomerate Hanjin Group, on Friday approved the reappointment of the group’s heir apparent as a member of its board, bringing him a victory in a family feud over the group’s control. Hanjin Group Chairman Cho Won-tae, 44, defended his [...]

Incheon Airport Goes into ‘Emergency Mode’ as COVID-19 Causes Drop in Users

Incheon Airport Goes into ‘Emergency Mode’ as COVID-19 Causes Drop in Users

SEOUL, March 27 (Korea Bizwire) — Incheon International Airport, South Korea’s main air hub, went into “emergency mode” as the number of users nosedived amid the novel coronavirus outbreak that has spread around the world, the operator said Thursday. The operator of the airport located in Incheon, 60 kilometers west of Seoul, said it is [...]

Asiana Unveils Additional Self-help Plans amid Virus Woes

Asiana Unveils Additional Self-help Plans amid Virus Woes

SEOUL, March 24 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, on Tuesday unveiled additional self-rescue measures as the spreading coronavirus outbreak wreaks havoc on its business. Asiana Airlines has already suspended most of its flights on international routes as an increasing number of countries close their borders or impose stricter entry restrictions [...]

Korean Air to Halt More Flights to China amid Virus Woes

Korean Air to Halt More Flights to China amid Virus Woes

SEOUL, March 23 (Korea Bizwire) – South Korean airlines are facing further challenges after the government imposed stricter entry restrictions to fight the spreading coronavirus outbreak. Korean Air Co., South Korea’s biggest airline and national flag carrier, said Monday it will temporarily suspend all flights on the Incheon-Beijing route from Saturday to April 25, leaving [...]