On Wednesday, the city government announced it would designate the Songhyeon-dong, central Seoul, site as a public park, changing it from the current “special-purpose complex.”
Struggling through an unprecedented drop in demand due to the Covid-19 pandemic, Korean Air has set its sights on one potential new business area that wouldn’t have existed without the pandemic: Vaccine transportation.
Korean Air Lines is lending $950 million to a wholly-owned real estate subsidiary in the United States.
Cho Hyun-min, the younger sister of Hanjin Group Chairman Cho Won-tae was named an executive of Hanjin Transportation and travel information provider Topas, a subsidiary of Korean Air Lines.
The Ministry of Land, Infrastructure and Transport has approved a request by Korean Air Lines to remodel passenger aircraft to carry more cargo.
Korean Air Lines, Korea's biggest carrier, said Thursday it will sign a deal soon to sell its in-flight catering and duty-free business to a homegrown private equity fund amid the growing impact of the coronavirus on the airline industry.
Korea’s airline industry is suffering from a sharp decline in the number of transit passengers because of rules to prevent Covid-19 coming into Korea — even though transit passengers never even leave the airport.
Korean Air said Friday it has extended its contract with its partner Kawasaki Heavy Industries to produce aft wheel well bulkheads for Boeing 787s for nine years until 2030.
Despite continuing travel restrictions, Korean Air Lines managed to turn a profit in the second quarter thanks to cargo revenues, which skyrocketed more than 90 percent on year.
Korean Air Lines is supplying six drones to the Defense Acquisition Program Administration (DAPA) in late October, the company said Thursday.