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Iraqi General Visits S. Korea to Examine KAI’s Surion Helicopter

Iraqi General Visits S. Korea to Examine KAI’s Surion Helicopter

SEOUL, Mar. 13 (Korea Bizwire) – A senior Iraqi Army general visited South Korea last week to look over a homegrown utility helicopter, sources said Wednesday, raising speculation over the Middle Eastern country’s potential purchase of the aircraft. Lt. Gen. Samir Zaki Hussein Al-Maliki, commander of Iraq’s Army Aviation Command, arrived in South Korea on [...]

Gov’t to Closely Monitor Airfare amid Monopoly Woes over Korean Air-Asiana Merger

Gov’t to Closely Monitor Airfare amid Monopoly Woes over Korean Air-Asiana Merger

SEOUL, Mar. 7 (Korea Bizwire) — The government said Thursday it plans to closely monitor air ticket prices amid concerns of market monopolization from an envisioned merger between Korean Air Co. and Asiana Airlines Inc. The Ministry of Land, Infrastructure and Transport announced the measures centered around the transport and logistics infrastructure for 2024 at [...]

South Korea’s First Spy Satellite Transmits ‘High-Resolution’ Images of Central Pyongyang

South Korea’s First Spy Satellite Transmits ‘High-Resolution’ Images of Central Pyongyang

SEOUL, March 3 (Korea Bizwire) – South Korea’s first military spy satellite has successfully transmitted “good-resolution” images of central Pyongyang back home following the satellite’s launch in December, military sources said Sunday. The first indigenous South Korean military spy satellite was placed into orbit from Vandenberg Space Force Base in California on Dec. 2, allowing [...]

Auction Set to Begin to Sell Asiana’s Cargo Division

Auction Set to Begin to Sell Asiana’s Cargo Division

SEOUL, Feb. 20 (Korea Bizwire) — The auction to sell Asiana Airlines Inc.’s cargo business division is set to begin Tuesday following the European Union’s antitrust regulator’s conditional approval of Korean Air Co.’s planned merger with Asiana, industry sources have said. The European Commission (EC), the executive body of the EU, gave a conditional nod [...]

Korean Air, Asiana One Step Away from Forming Mega-carrier after EU’s Merger Nod

Korean Air, Asiana One Step Away from Forming Mega-carrier after EU’s Merger Nod

SEOUL, Feb. 13 (Korea Bizwire) — Korean Air Co. and Asiana Airlines Inc. have now entered the final stretch of sealing their proposed merger after winning approval by the European Union of the consolidation of South Korea’s two full-service carriers. The conclusion as to whether the companies can ultimately merge themselves into a single mega-carrier [...]

S. Korea to Launch Quantum Computing-based Cloud Services This Year

S. Korea to Launch Quantum Computing-based Cloud Services This Year

SEOUL, Feb. 14 (Korea Bizwire) — South Korea will launch cloud services using indigenous quantum computers and begin test flights of urban air mobility (UAM) vehicles in Seoul metropolitan areas this year, the finance ministry said Wednesday. They are part of the major projects that the government is pushing to nurture advanced technologies and spur [...]

South Korea Participates in Elephant Walk During U.S.-Led Multinational Air Exercise

South Korea Participates in Elephant Walk During U.S.-Led Multinational Air Exercise

SEOUL, Feb. 9 (Korea Bizwire) – South Korea has been conducting a U.S.-led multinational air exercise, along with four other nations, in Guam since earlier this month to enhance joint operability, the Air Force said Friday. The annual Cope North exercise has been taking place at the Andersen Air Force Base in Guam since Monday, [...]

Indonesia Pledges Full Cooperation in Investigation of Alleged Technology Theft of KF-21, States Official

Indonesia Pledges Full Cooperation in Investigation of Alleged Technology Theft of KF-21, States Official

SEOUL, Feb. 6 (Korea Bizwire) – Indonesia said its engineers under probe over allegedly stealing technologies related to the KF-21 fighter jet under development will provide their “full cooperation” in the investigation, a foreign ministry official said Tuesday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development [...]

Indonesian Engineers at KAI Probed for Alleged Tech Theft of KF-21

Indonesian Engineers at KAI Probed for Alleged Tech Theft of KF-21

SEOUL, Feb. 2 (Korea Bizwire) — Indonesian engineers have been under investigation over allegedly stealing technologies related to the KF-21 fighter jet under development, the state-run procurement agency said Friday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development on a USB, according to the Defense Acquisition [...]