Air Premia international routes
Scope
Date
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Shareholder activism
Delta Air increases stake in Hanjin KAL to back Chairman Cho
Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...
Sep 05, 2022 (Gmt+09:00)
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Business & Politics
Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid
As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...
Sep 02, 2022 (Gmt+09:00)
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Private equity
Lone Star, Seoul wrangle over KEB deal set to wrap up
A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...
Aug 25, 2022 (Gmt+09:00)
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Korean startups
Korean air filter maker CNTUS SUNGJIN aims to crack US market
CNTUS SUNGJIN Co., a mid-sized South Korean company known for its colorful face masks made under the Aer brand, has focused on business-to-business ...
Aug 19, 2022 (Gmt+09:00)
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Corporate restructuring
Korea Inc. rushes to cut debt as interest rates surge
South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...
Aug 10, 2022 (Gmt+09:00)
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Automobiles
Infineon chip flaws to disrupt IONIQ 5 EV production
Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...
Aug 03, 2022 (Gmt+09:00)
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Earnings
South Korea’s top general trading giants embrace rising raw materials costs
Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...
Aug 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...
Aug 01, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Aerospace, Hanwha Defense likely to merge
Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions ...
Jul 25, 2022 (Gmt+09:00)
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Automobiles
Korea's Hyundai Mobis bolsters its own chipmaking capabilities
Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...
Jul 22, 2022 (Gmt+09:00)
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Airlines
Korean Air, its white knight Naver close ranks in digital partnership
South Korea’s national flag carrier Korean Air Lines Co. and online platform giant Naver Corp. are expanding their business cooperation in dig...
Jul 22, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Supernal showcases flying electric car at UK air show
Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...
Jul 19, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Jul 18, 2022 (Gmt+09:00)
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Airlines
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Jul 15, 2022 (Gmt+09:00)
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Korean startups
South Korean startups team up with convenience stores for drone delivery
South Korean convenient stores are ramping up competition in the business of drone delivery. The initial target regions include the Seoul subur...
Jul 13, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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Automobiles
Hyundai's IONIQ 6 wins accolades for streamlined design
Hyundai Motor Co.’s first all-electric sedan IONIQ 6 has received accolades from foreign media for its streamlined design and low chassis, whi...
Jul 04, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT, Swift Navigation team up for ultra-precision location service
KT Corp., a major South Korean telecommunications company, has partnered with Swift Navigation Co., a San Francisco-based technology firm, to commer...
Jun 30, 2022 (Gmt+09:00)
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Airlines
Korean Air gears up to normalize international flights
Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...
Jun 29, 2022 (Gmt+09:00)
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Aerospace & Defense
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Jun 20, 2022 (Gmt+09:00)
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Airlines
Korea airlines’ race for Mongolian route intensifies
South Korean airlines’ competition for the Mongolian route, one of the most profitable, is heating up as low-cost carriers have joined the rac...
Jun 20, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Jun 15, 2022 (Gmt+09:00)
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Hydrogen economy
SK Gas, Lotte Chemical to launch JV for hydrogen power generation
SK Gas Co., a South Korean major liquefied petroleum gas (LPG) provider, and Korean chemicals firm Lotte Chemical Corp. are slated to set up a joint...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Why Samsung didn't join race for S.Korea's air taxi project
Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...
Jun 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air vows to get nod from all antitrust bodies for Asiana merger
Korean Air Lines Co., which is putting the final touches on its acquisition of crosstown rival Asiana Airlines Inc., said on Monday it expects to ob...
May 23, 2022 (Gmt+09:00)
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Travel & Leisure
Lotte Hotel Yangon: Pain for POSCO International, Hotel Lotte
South Korea’s POSCO International Corp. and Hotel Lotte Co. have been suffering from sluggish earnings of their five-star hotel in Yangon, Mya...
May 23, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to form JV with Japan’s TBS for original IP
Naver Webtoon Corp., the digital comics and novel platform of South Korea’s online portal giant Naver Corp., has agreed to set up a joint vent...
May 16, 2022 (Gmt+09:00)
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Future mobility
S.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...
May 13, 2022 (Gmt+09:00)
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Future mobility
LG’s telecommunication unit joins UAM race in Korea
LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...
May 11, 2022 (Gmt+09:00)
Latest News
- 1 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 2 Invesco, SK D&D likely to buy co-living building in Seoul
- 3 Coupang bids for Korean luxury market dominance with Farfetch
- 4 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 5 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit