South Korean airlines bank on China routes for profit recovery
South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...
Korean Air changes badge before full integration with Asiana Airlines
Korean Air Lines Co., South Korea’s largest full-service carrier, has undergone a major makeover of its corporate identity (CI) for the first ...
Korea Inc. to face refunding risks with record corporate bond maturities
South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...
Asiana Airlines joins Korean Air as subsidiary
Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...
Korean Air-Asiana merger to spur M&A among budget carriers
Korean Air Lines Co.'s anticipated acquisition of Asiana Airlines Inc. is expected to spur domestic budget carriers to seek mergers, with the two do...
Korean Air gets EU approval for Asiana merger
The European Commission (EC), the European Union (EU) antitrust body, approved the merger between Korean Air Lines Co. and Asiana Airlines Inc. on N...
Korea Inc. rushes to booming local corporate bond market
South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...
Shinsegae Group splits E-Mart, department store with executive reshuffles
South Korea’s retail giant Shinsegae Group on Wednesday carried out one of its most drastic executive reshuffles, officially splitting the gro...
MBK’s Korea Zinc takeover attempt to spur search for white knights
North Asia-focused private equity firm MBK Partners Ltd.’s attempt to take control of Korea Zinc Inc. and the country’s plan to require ...
Sono Hospitality to buy stake in Air Premia to bolster airline portfolio
Sono Hospitality Group, South Korea’s largest resort operator, will add low-cost carrier Air Premia Inc. to its bulging portfolio after agreei...
Zero-sum fears arise in S.Korean airlines’ game of chicken
South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...
Air Incheon obtains IATA membership
South Korea's cargo airline Air Incheon said on Friday that it received full membership from the International Air Transport Association (IATA) last...
CJ CheilJedang to provide dumplings for Qantas Airways’ in-flight meals
CJ CheilJedang Corp. expands its K-food territory with Australia's largest airline.CJ CheilJedang announced on Tuesday that it will introduce Bibigo...
Korea’s airlines to use SAF starting from Japan routes
South Korea’s airlines are set to use fuel mixed with sustainable aviation fuel (SAF) for international routes, starting from services to Japa...
Air Incheon joins Boeing safety operation support program
South Korea's cargo airline Air Incheon announced on Wednesday that it signed an agreement with American aircraft manufacturer Boeing Co. on Tuesd...
Korea’s airline firms plagued by elevated fuel costs, strong dollar
South Korea’s six listed airline companies posted worsening profitability in the second quarter, plagued by higher jet fuel costs and the US d...
SK Innovation to be Asia’s top energy company through merger
SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...
SK Telecom launches In-flight wi-fi service
South Korea's SK Telecom Co. announced on Wednesday that it launched the T In-flight wi-fi service.This service will initially be available on six a...
Air Premia, Alaska Airlines sign interline agreement
South Korea's Air Premia Inc. announced on Thursday that it partnered with Alaska Airlines, the fifth-largest US carrier, through an interline agr...
UBS tops Korea’s M&A advisor list on Asiana, Affinity deals
UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...
Korean Air named Skytrax world's top 100 airlines
Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...
SK Ecoplant seeks to absorb SK Materials' industrial gas units
SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...
Asiana's cargo unit to be sold for $362 mn to Air Incheon
South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon, a local airline dedicated to cargo business, as the preferred bidder to acqui...
MBK drops out of Air Premia’s Asiana cargo unit takeover bid
Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budget airline Air Premia...
Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...
Korean LCCs take on flag carriers with long-haul routes
From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...
Korean Air expects US approval for Asiana merger by end-Oct: report
Korean Air Lines Co., South Korea’s No. 1 full-service carrier, expects to gain full approval from the US government by the end of October to ...
Korea Inc.’s AI executives double with LG Group leading the pack
The number of executive-level artificial intelligence (AI) specialists at South Korea’s 30 largest conglomerates has more than doubled in the ...
Korea Inc. nearly triples dividend payments in decade
Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...
