SEOUL, Dec. 4 (Korea Bizwire) –South Korea’s defense authorities on Monday chose Brazilian company Embraer’s C-390 for the Air Force’s new large transport aircraft over contenders from aerospace heavyweights Lockheed Martin and Airbus. The Defense Project Promotion Committee selected the model for the 710 billion won (US$544.4 million) acquisition project set to run through [...]
SEOUL, Dec. 2 (Korea Bizwire) – North Korea lashed out at the United States on Saturday after a U.S. space official hinted at possible disabling of the North’s military spy satellite launched last week, saying that it will take it as “a declaration of war” against the regime. A spokesperson of the North’s defense ministry [...]
SEOUL, Dec. 2 (Korea Bizwire) — Space has emerged as an extended battlefield for the rival Koreas as they have successfully launched their own spy satellites into orbit and are gearing up to send more to better monitor each other amid an intensifying arms race, analysts said Saturday. South Korea’s first homegrown spy satellite was [...]
SEOUL, Nov. 30 (Korea Bizwire) – The South Korean government said Thursday it will begin a public tendering process to select a company to lead the country’s space project worth 2.01 trillion won (US$1.6 billion) to develop a next-generation space vehicle. Under the project, South Korea aims to develop a vehicle with enhanced transportation capacity [...]
SEOUL, Nov. 14 (Korea Bizwire) – European aerospace giant Airbus SE said Tuesday it has been “actively” engaged with the South Korean government to set up a research and development (R&D) center in the country as it seeks to enhance partnerships with local companies. Airbus has said it aims to be a partner of choice [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korea will feature two homegrown helicopters at an air show in Dubai this week, the state arms procurement agency said Monday, amid Seoul’s push to become a major defense exporter. The Surion multirole utility helicopter and the Light Armed Helicopter (LAH) — both built by Korea Aerospace Industries [...]
TOULOUSE, France, Nov. 12 (Korea Bizwire) — Franco-Italian turboprop maker ATR has touted the strength of its models as it aims to sell aircraft to South Korea by 2030, saying that its aircraft is optimized for short regional flights. ATR, a joint venture between European airplane giant Airbus and Italian aerospace group Leonardo, wants to [...]
SEOUL, Nov. 2 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to reconvene Thursday to vote on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for the takeover of its smaller rival. The meeting comes three days [...]
SEOUL, Oct. 31 (Korea Bizwire) — Although announced nearly three years ago by the South Korean government, the proposed merger of Korean Air Co. and Asiana Airlines Inc., the country’s two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets. In November 2020, Korean Air signed a deal to [...]
SEOUL, Oct. 30 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that [...]