Korean Air, Korea’s biggest carrier, said 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 coronav…
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South Korean airlines may face financial crisis
South Korea’s domestic airlines are facing increasing concerns that the airline industry’s financial crisis could worsen as the second wave of COVID-19 infections spreads quickly around So…
Korean duty free stores struggle to sell leftover stocks
Duty-free stores are faced with a tangle of unresolved issues before the government and their suppliers decide on what to do with the backlog of wares caused by the coronavirus pandemic.…
Korean airline industry reports its first quarter 2020 results
As widely expected, airlines in Korea suffered badly in the first quarter as a result of the collapse in travel demand with the coronavirus pandemic.…