SEOUL, March 31 (Korea Bizwire) — Air Busan has announced that it will be the first low-cost carrier in Korea to distribute dividends. Asiana Airlines, the City of Busan, Seun Steel and 11 other Busan-based companies holding shares in the airline will be paid 500 won (US$ 0.45) per share, following a board decision on [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s low-cost carriers (LCCs) transported more than half of domestic passengers for the first time last year as more consumers opted for their cheaper and improving flight services for short-distance travel, industry data showed Monday. According to the data compiled by Jeju Air Co., the country’s largest budget [...]
SEOUL, Nov. 15 (Korea Bizwire) — The Korean government will ban Asiana Airlines from flying to San Francisco International Airport for 45 days as a punishment for causing a runway crash in July last year that killed three. On November 14, the Ministry of Land, Infrastructure and Transport said its administrative deposition deliberation committee decided to ground [...]
SEOUL, Nov. 11 (Korea Bizwire) – Even though the National Human Rights Commission of Korea has repeatedly warned to abolish physical requirements on height, five airlines in South Korea including Korean Airlines and its affiliate Jin Air, Jeju Air, Eastar Jet and T’way Air still keep applicants shorter than 162 centimeters, or about 5 feet 4 [...]
SEOUL, Nov. 11 (Korea Bizwire) – Lee Seung-Cheol, Korea’s popular singer and a former rock band member, was held for hours in Japan’s airport while arriving in Tokyo. According to his talent management agency Jinnenwon Music Works, Lee was going to go to Japan at one of his acquaintances’ invitation on November 9 through an [...]
SEOUL, June 4 (Korea Bizwire) - LG Group affiliates have filed a lawsuit against 12 airline companies including Korean Airlines and Asiana Airlines for losses due to collusion by the airliners on fuel surcharge. According to the Fair Trade Commission and industry sources on June 3, LG Group companies such as LG Electronics, LG Chem, LG Display, [...]
SEOUL, May 15 (Korea Bizwire) – Asiana Airlines marked 1,415 billion won of sales during the first quarter of this year but recorded a loss in operating profit (- 2.1 billion won) and net profit (- 46.6 billion won). Although the airliner recorded a deficit in operating profit during the first quarter, it narrowed the [...]
SEOUL, May 7 (Korea Bizwire) – Asiana Airlines designated the last week of April as the “Green Week” to preserve wetlands nearby its airport operations in and outside Korea. From April 28 to May 2, its employees in 10 domestic airport service branches and 15 overseas airport service units in New York and Beijing offered [...]
SEOUL, Korea, Nov 02 (Korea Bizwire) – Asiana Airlines set out to install 30 solar-powered streetlights in Myanmar as part of its global corporate social responsibility activities. The airliner said on October 31 that it held on the same day a signing ceremony for environmentally friendly streetlights at the nation’s former capital Yangon, with more than 100 [...]