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South Korea, Indonesia Finalize Revised KF-21 Deal, Cutting Jakarta’s Share to 600 Billion Won

South Korea, Indonesia Finalize Revised KF-21 Deal, Cutting Jakarta’s Share to 600 Billion Won

SEOUL, June 13 (Korea Bizwire) — South Korea and Indonesia have finalized a deal to slash Jakarta’s contribution to the joint KF-21 fighter jet project to 600 billion won (US$443 million), about one-third of the original amount, Seoul’s defense procurement agency said Friday. The two sides signed the agreement at an arms exhibition in Jakarta [...]

Antitrust Regulator Rejects Korean Air-Asiana mileage Integration Proposal

Antitrust Regulator Rejects Korean Air-Asiana mileage Integration Proposal

SEOUL, June 12 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday that it has rejected a proposed mileage integration plan submitted by Korean Air Lines Co. and Asiana Airlines Inc., citing insufficient details and consumer benefit concerns. The Fair Trade Commission (FTC) said the plan, submitted earlier in the day as part of the [...]

[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila

[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila

SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters by 2030, the state arms procurement agency said Wednesday. The US$700 million deal signed Tuesday marks the second round of FA-50 exports to Manila, [...]

Hanwha Aerospace Makes Inaugural Appearance at Shangri-La Security Forum

Hanwha Aerospace Makes Inaugural Appearance at Shangri-La Security Forum

SEOUL, June 2 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it has participated in the Shangri-La Dialogue, a major international security forum held annually in Singapore, marking a step forward in its global defense engagement and becoming the first South Korean defense firm to do so. Michael Coulter, chief executive [...]

Korean Air Launches Upcycled Goods from Retired Airbus A380 Aircraft

Korean Air Launches Upcycled Goods from Retired Airbus A380 Aircraft

SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]

Korean Air, Hanwha Systems, KAI Unveil Future Naval Technologies at 2025 MADEX

Korean Air, Hanwha Systems, KAI Unveil Future Naval Technologies at 2025 MADEX

SEOUL, May 28 (Korea Bizwire) – Leading South Korean aerospace and defense companies presented next-generation unmanned and naval combat technologies at the 2025 International Maritime Defense Industry Exhibition (MADEX) in Busan on Wednesday. Korean Air Co. has showcased its artificial intelligence (AI) powered micro unmanned aerial vehicles (UAVs), medium-altitude UAVs and a mock-up of the [...]

Acting President Vows to Provide Unsparing Support to Aerospace Industry

Acting President Vows to Provide Unsparing Support to Aerospace Industry

SACHEON, South Korea, May 27 (Korea Bizwire) — Acting President Lee Ju-ho said Tuesday the government will provide unsparing support to the aerospace industry. Lee made the remark during a ceremony marking the inaugural Aerospace Day at the headquarters of the Korea AeroSpace Administration (KASA) in Sacheon, 291 kilometers southeast of Seoul. “The government will [...]

Korean Airlines Expand Exclusive Overseas Routes Amid Rising Industry Competition

Korean Airlines Expand Exclusive Overseas Routes Amid Rising Industry Competition

SEOUL, May 27 (Korea Bizwire) — As South Korea’s aviation industry braces for structural shifts and intensifying competition, domestic airlines are increasingly pursuing exclusive international routes to differentiate themselves and tap into niche travel markets, industry data shows. As of May 2025, Korean carriers operate 76 international routes without overlap from other domestic airlines — [...]

Korean Airlines Ramp Up Hiring Amid Travel Rebound and Industry Reshaping

Korean Airlines Ramp Up Hiring Amid Travel Rebound and Industry Reshaping

SEOUL, May 23, 2025 (Korea Bizwire) – South Korea’s aviation sector is accelerating hiring efforts across key roles—including pilots, flight attendants, and maintenance personnel—as airlines prepare for a post-pandemic surge in passenger demand, expand their fleets, and brace for structural industry realignment. Korean Air, the country’s largest carrier, began accepting applications this week for summer internship [...]