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Kumho Asiana Chief Offers Revised Proposal in Brand Dispute Over Kumho Tire

Kumho Asiana Chief Offers Revised Proposal in Brand Dispute Over Kumho Tire

SEOUL, Aug. 30 (Korea Bizwire) — The chairman of Kumho Asiana Group, parent of Kumho Tire Co., on Wednesday submitted a revised proposal to creditors over the use of the tiremaker’s brand, an industry source said Wednesday. The revised proposal by Kumho Asiana Chairman Park Sam-koo came as the creditors, led by state-run Korea Development [...]

Airlines Hit with Fines and Suspension of Pilots for Accidents

Airlines Hit with Fines and Suspension of Pilots for Accidents

SEOUL, July 20 (Korea Bizwire) – Asiana Airlines was fined 900 million won (US$802,282) for a runway accident two years ago and the pilot responsible stripped of his license, the transport ministry said Thursday while announcing a series of punitive actions against carriers. Korean Air Lines Co. was ordered to pay 600 million won in [...]

Seoul Court Rejects Asiana’s Appeal over Temporary Suspension for San Francisco Route

Seoul Court Rejects Asiana’s Appeal over Temporary Suspension for San Francisco Route

SEOUL, May 18 (Korea Bizwire) — A Seoul court on Wednesday rejected an appeal filed by Asiana Airlines Inc. against the government’s temporary suspension order for its San Francisco route. “We found that the pilots of Asiana Flight 214 misjudged the conditions as the plane descended to land (in San Francisco in July 2013) and [...]