SEOUL, Nov. 19 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Friday it is resuming flights to Bangkok starting later next month on the back of eased entry curbs in the Southeast Asian country. Jeju Air will operate four flights per week for the Incheon-Bangkok route from Dec. 22, about 18 [...]
SEOUL, Nov. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it swung to a net loss in the third quarter from a year earlier on foreign-exchange losses and one-off costs. Asiana logged a net loss of 386.19 billion won (US$327 million) on a consolidated basis in the three months ending [...]
SEOUL, Nov. 14 (Korea Bizwire) — CJ Logistics Corp., the logistics arm of South Korean conglomerate CJ Group, said Sunday that it will invest 2.5 trillion won (US$2.12 billion) by 2023 in a project to be reborn as an “innovative technology” firm, especially by strengthening platform-related businesses. The investment is largely aimed at upgrading its [...]
SEOUL, Nov. 12 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it swung to the black in the third quarter compared with a year earlier, helped by strong cargo demand amid the extended COVID-19 pandemic. For the three months ended in September, Korean Air shifted to a net profit of [...]
SEOUL, Nov. 12 (Korea Bizwire) — A Seoul court on Friday approved the restructuring plans submitted by Eastar Jet Co. paving the way for the budget carrier to resume flights amid an accelerating vaccination campaign. The Seoul Bankruptcy Court’s approval has cleared the way for local property developer Sung Jung Co. to finalize the deal [...]
SEOUL, Nov. 8 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, said Monday it will increase the number of flights to Singapore starting this month as the two countries recently signed a travel bubble agreement. A travel bubble refers to a quarantine-free travel partnership between two or more cities or countries with similar [...]
SEOUL, Nov. 5 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Friday it will resume flights to Guam later this month amid the country’s accelerating vaccination campaign. Jeju Air plans to operate 38 flights on the Incheon-Guam route from Nov. 25 to Jan. 31 before it begins regular flights, depending on [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korean logistics companies are jumping into the fulfillment market as online transactions continue to increase and quick deliveries are rising as a core component for competitiveness. The fulfillment process refers to a wide range of services including storing a seller’s products at a local warehouse, selecting and packaging [...]
SEOUL, Oct. 22 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it has partnered with Boeing to jointly develop an unmanned aerial vehicle (UAV) in preparation for future mobility demand. Korean Air signed a memorandum of understanding with Boeing’s subsidiary Insitu for technical cooperation to develop a lightweight and modularized [...]
SEOUL, Oct. 21 (Korea Bizwire) — The electric scooter sharing market is facing a downturn as it struggles with various regulations including ‘immediate towing of illegally parked scooters,’ ‘mandatory driver’s license,’ ‘mandatory helmets’ and more. Wind Mobility, a Berlin-based mobility startup, recently decided to pull back from South Korea after struggling to operate 2,000 scooters [...]