SEOUL, Jan. 14 (Korea Bizwire) — SpaceX, a U.S. space company owned by Elon Musk, has applied for business registration with South Korean authorities to roll out its network of satellite internet service Starlink, sources said Friday. SpaceX filed the request with the Ministry of Science and ICT earlier this month to launch Starlink in [...]
SEOUL, Jan. 11 (Korea Bizwire) — The third launch of Nuri, the country’s first homegrown space rocket, will be held in early May, following last year’s successful second test-firing, the state space institute said Tuesday. “A launch management team will be formed in late March, and Nuri will be fired in early May as planned,” [...]
SEOUL, Jan. 8 (Korea Bizwire) — Jeju Air Co., South Korea’s leading budget carrier, said Sunday the number of its flights on international routes bounced back to 70 percent of pre-pandemic levels last month. Jeju Air offered 3,057 flights on its international routes to carry 485,000 passengers in December, accounting for 70 percent of the [...]
SEOUL, Jan. 4 (Korea Bizwire) — Hyundai Motor Group said Wednesday its wholly owned U.S. unit Supernal will collaborate with Microsoft Corp. to develop advanced air mobility (AAM) solutions. Supernal will utilize Microsoft’s cloud computing platform to develop AAM solutions, such as autonomous flight, three-dimensional flight, and virtual manufacturing and services, Hyundai said in a [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s leading airline, Korean Air Co., said Monday he will focus on completing the acquisition of its smaller local rival, Asiana Airlines Inc., and preparing for pent-up post-pandemic travel demand. In November 2020, Korean Air signed a deal to acquire the controlling stake in Asiana [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea successfully conducted a test flight of a solid-fuel space launch vehicle on Friday, the defense ministry said, nine months after its first test of the homegrown rocket. The state-run Agency for Defense Development (ADD) carried out the test as part of efforts to strengthen “independent” space-based reconnaissance [...]
SEOUL, Dec. 29 (Korea Bizwire) — Switzerland’s cargo carrier MSC Air Cargo will launch an Incheon-Indianapolis route next year as a complementary service to its container shipping solutions, the operator of the Incheon airport said Thursday. MSC Air Cargo is the cargo airline launched by global shipping firm Mediterranean Shipping Company (MSC). MSC followed its [...]
SEOUL, Dec. 27 (Korea Bizwire) — China’s antitrust regulator has approved Korean Air Co.’s integration with smaller local rival Asiana Airlines Inc., with approval yet to come from four countries, Korean Air said Tuesday. The Ministry of Commerce of the People’s Republic of China (MOFCOM) has demanded the merged Korean Air-Asiana entity reduce its market [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s major airlines are shifting their focus towards introducing new planes in preparation for the rebound in passenger demand, after years of downsizing the number of aircraft in service during the pandemic period. Korean Air Co., the country’s top air carrier, introduced an A321neo jet from Airbus that [...]
SEOUL, Dec. 15 (Korea Bizwire) — Atlas Air of the United States, one of the world’s largest air cargo carriers, plans to build a large-scale aircraft maintenance facility at Incheon International Airport, west of Seoul, the airport’s operator said Thursday. Incheon International Airport Corp. (IIAC), the operator of the nation’s largest airport, said it signed [...]