SEOUL, May 22, 2025 (Korea Bizwire) — Asiana Airlines is facing mounting criticism and potential legal action over plans to offer unequal severance packages to employees affected by the company’s upcoming sale of its cargo division to Air Incheon, scheduled for July. According to industry sources, Asiana recently notified staff that domestic employees in its [...]
SEOUL, May 20 (Korea Bizwire) — The first production model of South Korea’s homegrown KF-21 fighter jet entered final assembly Tuesday, the state arms procurement agency said, in a major milestone for the advanced aircraft acquisition project. A ceremony marking the final production phase took place at Korea Aerospace Industries Ltd.’s headquarters in Sacheon, about [...]
DUBAI, United Arab Emirates, May 16, 2025 (Korea Bizwire) — With EBACE 2025 just days away, Falcon, part of Alex Group Investment, is getting ready to welcome visitors at its booth during Europe’s leading business aviation event, taking place from May 20 to 22 at Palexpo, Geneva, Switzerland. This will be Falcon’s first time exhibiting [...]
SEOUL, May 9 (Korea Bizwire) — Korean Air Lines Co., South Korea’s leading air carrier, said Friday it will acquire a 10 percent stake in WestJet, Canada’s second-largest airline, in a bid to strengthen its presence in the North American market. The South Korean airline’s board approved the US$220 million deal earlier in the day, [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s small satellite designed to measure space radiation will take part in the Artemis II mission, a U.S.-led moon exploration program, the Korean space agency said Friday. Under an agreement between the Korea AeroSpace Administration (KASA) and the U.S. National Aeronautics and Space Administration (NASA), the K-RadCube, a [...]
SEOUL, May 1 (Korea Bizwire) — LIG Nex1 Co., a major South Korean defense and aerospace company, said Thursday it has signed a 320.7 billion-won (US$224 million) deal to develop the Chollian Satellite 5, South Korea’s next-generation geostationary weather satellite. The satellite project will be carried out in collaboration with the Korea Meteorological Administration, the [...]
SEOUL, May 1 (Korea Bizwire) — Jeju Air Co. said Thursday it will launch a new route to Hakodate, Japan, next month to expand its service network to the neighboring country amid growing summer travel demand. The South Korean low-cost carrier will begin operations on the Incheon-Hakodate route with two weekly flights starting June 5 [...]
SEOUL, April 30 (Korea Bizwire) – Korean Air Lines Co., South Korea’s leading air carrier, said Wednesday it plans to invest 1.2 trillion won (US$844.3 million) to establish a next-generation aviation research and training hub in Bucheon, west of Seoul. The company plans to break ground on the 65,800 square-meter facility in 2027, with the [...]
CHANGWON, South Korea, April 27 (Korea Bizwire) – Hanwha Aerospace Co. is seeking to join a U.S. Department of Defense initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea’s strategic role in allied security [...]
SEOUL, April 22 (Korea Bizwire) — South Korea successfully launched its fourth homegrown military spy satellite from a U.S. space base in Florida, the defense ministry said Tuesday, in efforts to strengthen its independent surveillance capabilities on North Korea. A SpaceX Falcon 9 rocket, carrying the spy satellite, lifted off at 8:48 p.m. Monday (U.S. [...]