The aviation industry in South Korea has seen a silver lining in spite of the country's fourth wave of coronavirus. AeroK, the brand-new Cheongju-based airline, will operate three flights each day between Cheongju to Jeju with its A320 starting on April 15. “Operation of our first scheduled flight had to…
With COVID-19 raging throughout the world, the aviation industry has experienced its longest battle in decades. In South Korea, mergers and acquisitions have halted since the pandemic began, a development that has proven particularly impactful for the aviation industry and those looking to take part in it. HDC Hyundai Development…
With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis. KCA…
Jeju Air, the largest budget carrier in South Korea, suspended its purchase of Eastar Jet, another low-cost carrier in Korea, due to the latest financial situation. According to Korean local media, Seok-Joo Lee, Chief Executive of Jeju Air stated if the current condition doesn’t improve, the industry leader would have…
While many western companies have seen the rise of corporate conglomerates since the 1990s, the South Korean market has had a long history of Korean conglomerates, which are locally called chaebols, dominating the market. As to be expected, the aviation industry is no stranger to chaebols, with the top three…
