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Merger Of Korean Air And Asiana Airlines
The proposed merger of Korean Air and Asiana Airlines is a policy announced by the Government of South Korea in November 2020, which would result in Korean Air absorbing Asiana Airlines creating a dominant carrier in South Korea. The merger is now viewed as increasingly unlikely given the regulatory headwinds. For the merger to proceed, antitrust approval is necessary from competition authorities in key markets for the carriers. Out of the six essential markets, approval has been granted in all except one. As of February 2024, authorities in one essential market, which is the United States, have yet to approve the merger. In February 2023, it was confirmed that the merger would not proceed without approval from authorities in the European Union and the United States. At the time, the Korean government did not view approval in the EU and US as likely. Backup plans such as an equity investment from foreign backers (with the UAE-based Mubadala Investment Company suggested) int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Korean Air
Korean Air Co., Ltd. (), operating as Korean Air (Korean Air Lines before 1984), is the flag carrier of South Korea and its largest airline based on fleet size, international destinations and international flights. The present-day Korean Air was established on March 1, 1969, after the Hanjin Group acquired government-owned Korean Air Lines, which had operated since June 1962. Korean Air is a founding member of the airline alliance SkyTeam and SkyTeam Cargo. It is one of the 10 airlines ranked 5-star airline, and top 20 airlines in the world in terms of passengers carried and is also one of the top-ranked international cargo airlines. Korean Air's international passenger division and related subsidiary cargo division together serve 126 cities in 44 countries. Its domestic division serves 13 destinations. The airline's global headquarters is located in Seoul, South Korea. The airline had approximately 20,540 employees as of December 2014. The airline was once known as "an i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munhwa Ilbo
''Munhwa Ilbo'' is a daily newspaper in South Korea. It was established in August 1990, and printed its first issue on 1 November 1991. History ''Munhwa Ilbo'' was formerly owned by the Hyundai; however, Hyundai relinquished their control of the newspaper after the 1997 Asian Financial Crisis, at the same time as their competitor Hanwha gave up its own daily, the ''Kyunghyang Shinmun''. ''Munhwa Ilbo'' was Hyundai's first target for separation as it begin trying to slim down its vast business empire; the divestiture was part of a larger trend at the time of ''chaebol'' selling off non-core assets and reducing excessive diversification. The newspaper was officially established as a separate financial entity in May 1998. They opened an online edition in May 1997. Since April 2005, they have had a partnership for sharing of news content and photographs with ''No Cut News''. Incidents In January 2002, ''Munhwa Ilbo'' began to publish a serial novel ''Gangan Namja'' (강안남자) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kansai International Airport
Kansai International Airport ( ja, 関西国際空港, Kansai Kokusai Kūkō) commonly known as is the primary international airport in the Greater Osaka Area of Japan and the closest international airport to the cities of Osaka, Kyoto, and Kobe. It is located on an artificial island () in the middle of Osaka Bay off the Honshu shore, southwest of Ōsaka Station, located within three municipalities, including Izumisano (north),Home . Kansai Airport. Retrieved on 23 July 2011. "Hotel Nikko Kansai Airport 1, Senshu-kuko Kita, Izumisano-shi, Osaka, 549-0001, Japan " Sennan (south), [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chubu Centrair International Airport
is an international airport on an artificial island in Ise Bay, Tokoname City in Aichi Prefecture, south of Nagoya in central Japan. Centrair is classified as a first class airport and is the main international gateway for the Chubu ("central") region of Japan. The name is an abbreviation of Central Japan International Airport, an alternate translation used in the English name of the airport's operating company, . 10.2 million people used the airport in 2015, ranking 8th busiest in the nation, and 208,000 tons of cargo was moved in 2015. History Chubu Centrair serves the third largest metropolitan area in Japan, centered around the city of Nagoya. The region is a major manufacturing centre, with the headquarters and production facilities of Toyota Motor Corporation and production facilities for Mitsubishi Motors and Mitsubishi Aircraft Corporation. With much lobbying by local business groups such as Toyota, especially for 24-hour cargo flights, construction started ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fukuoka Airport
, formerly known as Itazuke Air Base, is an international and domestic airport located east of Hakata Station in Hakata-ku, Fukuoka, Japan. Fukuoka Airport is the principal airport on the island of Kyushu and is the fourth busiest passenger airport in Japan. As of 2017, the airport is the fourth busiest single-runway airport in the world by passenger traffic (after Mumbai, London–Gatwick and İstanbul-Sabiha Gökçen). The airport is surrounded by residential areas; flights stop at 10 p.m. at the request of local residents and resume operation at 7 a.m. The domestic terminal is connected to the city by the Fukuoka City Subway, and a subway from the airport to the business district takes less than ten minutes. The international terminal is only accessible by road, although there is scheduled bus service to Hakata Station and the Tenjin area. Alternatives to access the Fukuoka area include Saga Airport and Kitakyushu Airport. Airlines and destinations Passenger ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Incheon International Airport
Incheon International Airport (IIA; ) (sometimes referred to as Seoul–Incheon International Airport) is the largest airport in South Korea. It is the primary airport serving the Seoul Capital Area and one of the largest and busiest airports in the world. As of 2021, the airport has been rated by Skytrax as the fourth best airport in the world. Skytrax also has rated the airport as the world's best international transit airport and one of the world's cleanest airports. The airport is one of Skytrax's 5-star airports and also has been awarded for the best airport security in 2021. During the entire run of the best airport worldwide ranking by Airports Council International (ACI) from 2005 to 2011, Incheon International Airport topped the ranking every year. ACI also rated the airport as the best airport in Asia-Pacific for 10 consecutive years from 2006 to 2016 until the ranking series ended in 2017. The airport has a golf course, spa, private sleeping rooms, an ice sk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Airbus A330
The Airbus A330 is a wide-body aircraft developed and produced by Airbus. Airbus conceived several derivatives of the A300, its first airliner in the mid-1970s. Then the company began development on the A330 twinjet in parallel with the A340 quadjet and launched both designs with their first orders in June 1987. The A330-300, the first variant, took its maiden flight in November 1992 and entered service with Air Inter in January 1994. The slightly shorter A330-200 variant followed in 1998. The A330 shares its airframe with the early A340 variants, having two main landing gear legs instead of three, lower weights, and slightly different lengths. Both airliners have fly-by-wire controls as well as a similar glass cockpit to increase the commonality. The A330 was Airbus's first airliner to offer a choice of three engines: the General Electric CF6, Pratt & Whitney PW4000, or the Rolls-Royce Trent 700. The A330-300 has a range of 11,750 km or 6,350 nmi with 277 passen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
T'way Air
T'way Air Co., Ltd. (), formerly Hansung Airlines, is a South Korean low-cost airline based in Seongsu-dong, Seongdong-gu, Seoul. In 2018, it is the third largest Korean low-cost carrier in the international market, carried 2.9 million domestic passengers and 4.2 million international passengers. Its international traffic has quadrupled over the past three years while domestic traffic has grown by only 12%. History T'way Air began as Hansung Airlines (한성항공), which began flying between 2005 and 2008, after which the company reorganized and rebranded in 2010. The 't' in t'way stands for together, today and tomorrow. The airline was established on 8 August 2010 with two Boeing 737-800s. The following month, the airline obtained an air operator's certificate (AOC) permitting domestic flights and commenced operations with services between Gimpo International Airport and Jeju International Airport Jeju International Airport () is the second largest airport in South K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Air Cargo
Air cargo is any property carried or to be carried in an aircraft. Air cargo comprises air freight, air express and airmail. Aircraft types Different cargo can be transported by passenger, cargo or combi aircraft: * Passenger aircraft use the spare volume in the airplane's baggage hold (the "belly") that is not being used for passenger luggage—a common practice used by passenger airlines, who additionally transport cargo on scheduled passenger flights. Cargo can also be transported in the passenger cabin as hand-carry by an “on-board courier”. This practice can often be used to cross subsidise loss-making passenger routes that would otherwise be uneconomical to operate. A passenger aircraft can also be used as a preighter in which the entire passenger cabin is temporarily dedicated to carrying freight. * Cargo aircraft are dedicated for the job—they carry freight on the main deck and in the belly by means of nose-loading or side loading. * Combi aircraft carry cargo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Korea Economic Daily
''The Korea Economic Daily'' (nicknamed ''Hankyung'' (from ''han'' - South Korea and ''kyung'' - business)) is a conservative and business daily newspaper in South Korea. It is the largest business newspaper by revenue in South Korea. It was founded on October 12, 1964, as the ''Daily Economic Newspaper'' and took its current name in 1980. '' Bloomberg Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by Ne ...
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Competition And Markets Authority
The Competition and Markets Authority (CMA) is the competition regulator in United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA launched in shadow form on 1 October 2013 and began operating fully on 1 April 2014, when it assumed many of the functions of the previously existing Competition Commission and Office of Fair Trading, which were abolished. Formation On 15 March 2012 the UK Government's Department for Business, Innovation and Skills (BIS) announced proposals for strengthening competition in the UK by merging the Office of Fair Trading and the Competition Commission (United Kingdom), Competition Commission to create a new single Competition and Markets Authority (CMA). The formation of the CMA was enacted in Part 3 of the Enterprise and Regulatory Reform Act 2013, which received royal assent on 25 April 2013. In July 2012, Dav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fair Trade Commission (South Korea)
The Korea Fair Trade Commission (KFTC) is South Korea's regulatory authority for economic competition. It was established in 1981 within the Economic Planning Board. The establishing law was the Monopoly Regulation and Fair Trade Act (MRFTA), Law No. 3320, December 31, 1980. In 1994, the Fair Trade Commission and its secretariat were separated from the Economic Planning Board as an independent vice ministerial-level, central administrative organization. In 1996, the status of the KFTC Chairman was elevated from vice-ministerial to ministerial level. Organization The original KFTC had five commissioners from 1981 to 1990. This was increased to seven commissioners from 1990 to 1997. Since 1997 the KFTC has had nine commissioners, which includes a Chairman who serves for fixed three years, a Vice-Chairman, and three other standing commissioners. There are four non-standing commissioners. Their terms can only be renewed for once. The KFTC is supported in its work by a secretariat. K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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