SEOUL, Nov. 29 (Korea Bizwire) — KT SAT Co., the satellite service arm of local telecom giant KT Corp., said Wednesday it plans to introduce Starlink, satellite internet service developed by U.S. space firm SpaceX, in South Korea. The service will be first adopted for the mobility industry, in particular, marine communications, where a stable [...]
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 [...]
WASHINGTON, Oct. 27 (Korea Bizwire) – The United States will pursue a modern variant of the B61 nuclear gravity bomb, a centerpiece of America’s nuclear stockpile, to respond to a “rapidly evolving” security environment, the Department of Defense said Friday. The move to produce the variant, designated as the B61-13, comes as the U.S. is [...]
SEOUL, Oct. 25 (Korea Bizwire) — A total of 500 aircraft incidents involving bird collisions have been reported in airports across South Korea over the past five years, according to data Wednesday. According to the data unveiled by Rep. Heo Jong-sik of the main opposition Democratic Party, the total number of aircraft bird strike cases [...]
SEOUL, Oct. 24 (Korea Bizwire) — Unionized workers of Asiana Airlines Inc. on Tuesday protested the company’s merger deal with its larger rival Korean Air Co., as the company is expected to soon decide whether to sell its cargo division to win antitrust approval from European Union (EU) regulators for the two carriers’ merger. At [...]