SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s state pension operator has decided to exercise its shareholders’ rights over Hanjin KAL, the holding firm of national flag carrier Korean Air Lines Co., the welfare ministry said Friday. The National Pension Service (NPS) made the decision in the state fund’s management committee, led by Health and [...]
SEOUL, April 18 (Korea Bizwire) – Police raided an advertisement company Wednesday in a probe into allegations that a daughter of the Korean Air Lines Co. chief threw water at the agency’s employee during a business meeting. Cho Hyun-min, a Korean Air senior executive and younger daughter of Chairman Cho Yang-ho, was booked and banned from overseas travel on Tuesday. Cho is accused of yelling at [...]
SEOUL, Feb. 19 (Korea Bizwire) — Incheon International Airport’s newly opened second terminal is helping facilitate passenger processing at South Korea’s main international gateway, the facility’s operator said Sunday. Since opening to the public Jan. 18, the passenger terminal that is used by Korean Air Lines Co. and planes of the SkyTeam Airline Alliance handled [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s airlines will hire more than 3,500 workers this year as they move to serve ever rising numbers of air passengers, industry sources said Wednesday. Korean Air Lines Co. said it will recruit more than 1,000 new workers, noting that it will fly 17 new flights this year. [...]
SEOUL, July 7 (Korea Bizwire) – Police said they raided the headquarters of South Korea’s top airline on Friday as part of a probe into alleged misappropriation of company funds for its chairman’s personal purpose. The National Police Agency sent investigators to the main office of Korean Air Lines Co. in western Seoul to confiscate [...]
SEOUL/TOKYO, June 9 (Korea Bizwire) – Korean Air Lines Co.’s passenger jet made an emergency landing at an airport in southern Japan due to smoke in the cockpit, the company said Friday. It said there were no injuries or damage caused by the incident. The B737-900 jet left the port city of Busan at 09:11 [...]
SEOUL, Feb. 24 (Korea Bizwire) – The latest business focus of two major South Korean airlines – Korean Air Lines and Asiana Airlines - has been on acquiring new aircraft models with better fuel efficiency and lower carbon emissions, a measure seen as crucial to their bottom line and ability to sustain growth in the [...]
SEOUL, Feb. 6 (Korea Bizwire) – South Korea’s major airlines continued to do well in terms of sales last year, but their profitability fell far short of those of other global airlines, market data showed Monday. In a 12-month period starting from September 2015, sales of South Korea’s largest full service carrier (FSC), Korean Air [...]
SEOUL, Sept. 22 (Korea Bizwire) – The state-run Korea Development Bank, the main creditor of the cash-strapped Hanjin Shipping Co., is considering loaning some 50 billion won (US$45.4 million) to help the ailing shipper unload its cargo, industry sources said Thursday. According to the sources, the KDB will finalize the loan extension this week to [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea and India agreed to increase the number of weekly flights and destinations that can be served by their respective flag carriers, the government said Friday. The agreement, reached after two days of negotiations in New Delhi on Thursday, calls for raising the number of flights allocated to [...]