SEOUL, April 19 (Korea Bizwire) — Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Tuesday it will open five new international routes next month as the easing of travel restrictions unleashes pent-up demand. On Jan. 23, Air Busan began to offer one flight per week on the Saipan route following a [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s top three mobility platforms, which have focused primarily on taxi hailing and car sharing services, are moving heaven and earth to expand the scope of their offerings. T Map Mobility Co., a mobility unit under telecom operator SK Telecom Co., is exploring new business opportunities in the [...]
SEOUL, March 30 (Korea Bizwire) — Kakao Mobility Corp., the country’s top taxi-hailing company, announced Tuesday a plan to expand its fleet of platform-based electric taxis to 10,000 units by the end of this year. To this end, Kakao Mobility intends to promote not only general mid-sized taxis but also pro-membership users to shift towards electric [...]
SEOUL, March 22 (Korea Bizwire) — Sales at franchise outlets in South Korea declined 5.5 percent on-year in 2020 due to the fallout of the COVID-19 pandemic, led by a slump in sales at dining-out brands, the corporate watchdog showed Tuesday. Sales at franchise outlets averaged 311 million won (US$254,400) in 2020, compared with 329 [...]
SEOUL, March 17 (Korea Bizwire) — T’way Air, a South Korean low-cost carrier, said Thursday it targets to achieve 3 trillion won (US$2.5 billion) in sales by 2027, as it aims to expand its fleet and serve long-haul routes. T’way Air added an A330-300 chartered plane last month for operations on the Gimpo-Jeju route from [...]
SEOUL, March 15 (Korea Bizwire) — South Korean national flag carrier Korean Air Lines Co. said Tuesday it will suspend routes to Russia until the end of April due to safety concerns involving Russia’s invasion of Ukraine. Korean Air will temporarily halt the operation of passenger jets to Moscow and Vladivostok, and cargo planes that [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to conditionally approve a deal by Korean Air Lines Co., the country’s biggest carrier, to buy the debt-ridden Asiana Airlines Inc. The Fair Trade Commission (FTC)’s decision does not complete Korean Air’s proposed takeover of the country’s No. 2 carrier [...]
SEOUL, Feb. 18 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will use more environmentally friendly aviation fuel on its Incheon-Paris route as part of efforts to join global efforts to reduce carbon emissions. The move to use the so-called sustainable aviation fuel (SAF) for the route comes as [...]
SEOUL, Feb. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Tuesday its net losses deepened in 2021 from a year earlier due to increased foreign exchange losses and the continued impact from the pandemic. Net losses widened to 618.15 billion won (US$516 million) last year from 502.97 billion won a year [...]
SEOUL, Feb. 13 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest low-cost carrier, said Sunday it will bring in a cargo plane in the first half of this year to ride out the prolonged COVID-19 pandemic. Jeju Air signed a lease agreement to begin operating a cargo plane for the first time among local [...]