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 [...]
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, [...]
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 [...]
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 [...]
SEOUL, Jan. 31 (Korea Bizwire) — A U.S. F-16 fighter jet crashed in waters off South Korea’s west coast on Wednesday and the pilot was rescued after ejecting from the aircraft, the U.S. Air Force said. The jet assigned to the 8th Fighter Wing in Kunsan Air Base, about 180 kilometers south of Seoul, experienced [...]
SEOUL, Jan. 29 (Korea Bizwire) – The advent of “drone taxis” and similar Urban Air Mobility (UAM) solutions brings a futuristic vision of transportation closer to reality. However, these high-tech conveyances must navigate a critical challenge: avoiding collisions with birds, a concern especially vital for passenger safety. This issue has come to the forefront as the government’s [...]
SEOUL, Jan. 19 (Korea Bizwire) — Air traffic in South Korea’s territorial airspace jumped 45 percent in 2023 from a year earlier on unleashed pent-up demand for travel following years of the COVID-19 pandemic, the transport ministry said Friday. The number of airplanes that flew over the Korean airspace reached 780,635 last year, up from [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korean budget airline Jin Air Co. said Wednesday it posted record earnings in 2023 on strong demand, shaking off the fallout of the coronavirus outbreak. Net income came to an all-time high of 135.8 billion won (US$101 million) on a separate basis last year, the first black ink [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s science ministry said Thursday it aims to launch a full-fledged space agency in May, with the nation seeking to join the ranks of advanced nations of spaceflight. The planned launch of the Korea AeroSpace Administration (KASA), which came as the National Assembly passed a set of bills [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s air traffic recovered to over 80 percent of pre-pandemic levels last year on unleashed pent-up demand for travel following years of COVID-19 virus curbs, the transport ministry said Thursday. The number of passengers on domestic and international routes exceeded 100 million in 2023, accounting for 81.5 percent [...]