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 [...]
SEOUL, Jan. 10 (Korea Bizwire) – Hyundai Motor Group has unveiled the prototype of its new air taxi model at the global technology show CES 2024, company officials said Wednesday, as it steps up efforts to make inroads into the global electric flying taxi market. Supernal, a U.S.-based air taxi unit of Hyundai, showcased the [...]
SEOUL, Jan. 7 (Korea Bizwire) – The transport ministry on Sunday ordered South Korean airlines to conduct safety checks on Boeing 737 Max planes in a preemptive safety measure following an emergency landing of a B737 Max 9 plane in the United States. South Korean carriers do not have the same B737 Max 9 in [...]
SEOUL, Jan. 2 (Korea Bizwire) — The chief of Korean Air Co., South Korea’s largest air carrier, on Tuesday vowed to complete the airline’s proposed acquisition of domestic rival Asiana Airlines in 2024. In a New Year’s message to employees, Korean Air Chairman and CEO Cho Won-tae said the company “will complete the acquisition of [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea on Tuesday launched a research project to develop a fighter jet engine by the mid-to-late 2030s as part of efforts to acquire key homegrown defense technologies. Earlier this year, the country designated advanced aircraft engines among 30 strategic defense technologies it will invest in as part of [...]