SEOUL, June 2 (Korea Bizwire) — South Korean defense giant Hanwha Aerospace Co. said Monday it has participated in the Shangri-La Dialogue, a major international security forum held annually in Singapore, marking a step forward in its global defense engagement and becoming the first South Korean defense firm to do so. Michael Coulter, chief executive [...]
SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]
SEOUL, May 28 (Korea Bizwire) – Leading South Korean aerospace and defense companies presented next-generation unmanned and naval combat technologies at the 2025 International Maritime Defense Industry Exhibition (MADEX) in Busan on Wednesday. Korean Air Co. has showcased its artificial intelligence (AI) powered micro unmanned aerial vehicles (UAVs), medium-altitude UAVs and a mock-up of the [...]
SACHEON, South Korea, May 27 (Korea Bizwire) — Acting President Lee Ju-ho said Tuesday the government will provide unsparing support to the aerospace industry. Lee made the remark during a ceremony marking the inaugural Aerospace Day at the headquarters of the Korea AeroSpace Administration (KASA) in Sacheon, 291 kilometers southeast of Seoul. “The government will [...]
SEOUL, May 27 (Korea Bizwire) — As South Korea’s aviation industry braces for structural shifts and intensifying competition, domestic airlines are increasingly pursuing exclusive international routes to differentiate themselves and tap into niche travel markets, industry data shows. As of May 2025, Korean carriers operate 76 international routes without overlap from other domestic airlines — [...]
SEOUL, May 23, 2025 (Korea Bizwire) – South Korea’s aviation sector is accelerating hiring efforts across key roles—including pilots, flight attendants, and maintenance personnel—as airlines prepare for a post-pandemic surge in passenger demand, expand their fleets, and brace for structural industry realignment. Korean Air, the country’s largest carrier, began accepting applications this week for summer internship [...]
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, [...]