SEOUL, Jan. 22 (Korea Bizwire) — Daemyung Sono Group, a leading condominium and resort company in South Korea, said Wednesday it is seeking to acquire management control of low-cost carrier (LCC) T’way Air Co. to improve the airline’s operations and financial health. Sono International, the holding company of Daemyung Sono Group, said it is ramping [...]
SEOUL, Jan. 10 (Korea Bizwire) — The government said Friday it will provide an initial allowance of 3 million won (US$2,057) to the families of the Jeju Air plane crash victims. Acting Interior Minister Ko Ki-dong said during a meeting of the Central Disaster and Safety Countermeasure Headquarters that the “emergency living expense allowance” will [...]
SEOUL, Jan. 9 (Korea Bizwire) — KT Corp., a major South Korean telecommunications company, said Thursday it will join hands with defense firm LIG Co. Nex1 to develop propriety technologies for homegrown low Earth orbit (LEO) satellites. The two companies signed a memorandum of understanding to jointly develop core technologies for LEO satellites, including a [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea and the United States have begun an analysis of the crashed Jeju Air plane’s flight data recorder (FDR), and their joint investigation team is speeding up a probe of key components of the wreckage, including engines and main wings, at the crash site, a top government official [...]
SEOUL, Jan. 7 (Korea Bizwire) — Jeju Air Co., the embattled low-cost carrier facing intense scrutiny over a recent aircraft crash that claimed 179 lives, said Tuesday it plans to cut 188 international flights departing from Busan in the first quarter, with a total operational reduction plan to be finalized this week. Following the tragic Dec. 29 [...]
SEOUL, Jan. 6 (Korea Bizwire) — Jeju Air Co., the embattled low-cost carrier (LCC) facing intense scrutiny over a recent aircraft crash that claimed 179 lives, recorded the largest number of flight delays among domestic airlines due to maintenance during the first half of 2024, government data showed Monday. According to the data from the [...]
GWANGJU, Jan. 2 (Korea Bizwire) — The first funeral for the victims of the fatal Jeju Air plane crash was held Thursday, five days after the disaster at Muan International Airport in southwestern South Korea claimed the lives of 179 people. The first funeral for the victim, whose identity was withheld, occurred at a funeral [...]
MUAN, South Korea, Jan. 2 (Korea Bizwire) — Police on Thursday raided Muan International Airport, the office of Jeju Air and other locations over the airline’s deadly crash that killed 179 people. The Jeonnam Provincial Police conducted search and seizure operations into the airport in southwest South Korea, the Seoul office of Jeju Air and [...]
MUAN, South Korea, Dec. 31 (Korea Bizwire) — Following the tragic crash of Jeju Air Flight 7C2216 on December 29, in which 179 of 181 passengers and crew perished, investigators are examining how two flight attendants survived. Their location in the aircraft and the use of specialized safety equipment, such as crew jump seats and harnesses, [...]
BUSAN, Dec. 31 (Korea Bizwire) — As bird strikes remain a persistent threat to aviation safety in South Korea, recent data underscores the risks faced by major airports, particularly Gimhae International Airport, which sits adjacent to one of the nation’s key migratory bird habitats. According to records obtained by Rep. Lee Yeon-hee from the Korea [...]