The International Air Transport Association (IATA) has called on South Korea to offer a comprehensive rescue package to support local airlines "in grave and immediate danger of insolvency," according to Korean Air Lines Co. on Friday. In a letter sent to President Moon Jae-in this week, IATA, a global trade association for the airline industry, asked the Seoul government to urgently extend direct financial support, loan guarantees by the government, support for corporate bond issuanc

Both Hanjin KAL, Korean Air board also formed favorable to Cho Won-tae

Hyundai Motor Group said Friday that it has promoted Kia Motors Vice President Song Ho-sung to president and appointed Jochen Paesen to lead Kia Motors’ interior design team as a director. The company said the latest executive reshuffle is to execute the company’s future mobility vision and bring change to the current leadership.  President Song had previously led the automaker’s export sales, European sales and global business management teams, the company said. He is

Hyundai Motor Group said Friday that it has completed the establishment of a 50:50 joint venture with the US software developer of autonomous vehicles Aptiv. The headquarters of the joint venture will be set up in Boston, Massachusetts, and it will run research centers in both the US and Asia, the company said, adding that the company mission will be announced in the near future. In September last year, Hyundai Motor Group clinched a deal with Aptiv, formerly known as Delphi, for a $4 billion

Incheon International Airport, South Korea's main air hub, went into "emergency mode" as the number of users nosedived amid the novel coronavirus outbreak that has spread around the world, the operator said Thursday.    The operator of the airport located in Incheon, 60 kilometers west of Seoul, said it is currently handling some 10,000 passengers per day, down from the normal 200,000 it processed before the pandemic paralyzed travel.    "An emergency situat

Hyundai Mobis said Thursday that its air bag that ejects out from the sunroof has been evaluated and shared by the US National Highway Traffic Safety Administration. The first kind to be invented in the world, according to the firm, the roof air bag is unfolded when a vehicle is flipped over during an accident. It can cover the entire roof in 0.08 seconds, aimed at protecting passengers inside the car from being ejected out of the sunroof. The new system involves 24 patented technologies and h

Hyundai Motor said Thursday its steady-selling sedan Avante’s latest model has received 10,058 preorders on the first day of reservation. The number is double the average monthly sales figure of Avante, as well as nine times more than the preorders for sixth-generation Avante, the company said.  It is also beats the past preorder record of the first-generation Avante -- which was named Elantra. The automaker said the number is meaningful amid the sharply falling consumer demand fo

Porsche Korea said Thursday it has donated 649 million won ($527,000) to ChildFund Korea to continue its social contribution efforts in the country. The company has signed a memorandum of understating with the social welfare foundation and delivered the donation to build on its “Porsche Do Dream” campaign, which has been running for four years. “For the past four years, Porsche Korea has endeavored to create an environment where Korean children can follow and fulfill their

Pablo Rosso, president and managing director of Fiat Chrysler Automobiles Korea, has been appointed as the 13th chairman of the Korea Automobile Importers & Distributors Association, according to the association on Wednesday.  He will be the first foreign chairman and serve a two-year term from April.  The association said that Rosso’s wide understanding and experience in the imported car industry had been considered to solve the tasks the industry now faces. “The i

Han Sung Motor, an official dealer of Mercedes-Benz Korea, said Wednesday that it has partnered with global esports company Gen.G, to expand its customer base by promoting the brand. Gen.G is a global esports team that was launched in 2017. It was ranked sixth in the Forbes’ world’s most valuable esports companies last year, with top results at games such as League of Legends.  Han Sung Motor’s partnership with Gen.G is the first of its kind between a Korean imported ca

South Korea‘s state-run airport operator said Tuesday it will beef up screening measures on all domestic flights to prevent the spread of the new coronavirus. Korea Airports Corp., which operates 14 airports, not including Incheon International Airport, said it plans to check body temperatures of all passengers boarding domestic flights. Passengers with symptoms of viral infection will be requested to refrain from boarding their flights and will be referred to public health authorities

Hanjin KAL, the holding company of Hanjin Group that owns the country’s largest airline Korean Air, said Tuesday that it would ask shareholders to make the “wise decision” to vote for a current Chairman Cho Won-tae to retain his top seat.  The vote will take place during the shareholders meeting slated for Friday. Hanjin KAL said in a statement that as the global aviation industry has been hit hard by the COVID-19 pandemic, Korean Air faces an “unprecedented crisis

Hyundai Glovis said Tuesday that it has launched the first noncontact used car auction system by integrating information at different centers into one cloud server. The system, called “Autobell smart auction,” offers three times more sales items than other used car dealers, the supply chain management unit of Hyundai Motor Group said. It combines auction data in a cloud server gathered from its auction centers in Bundang, Sihwa in Gyeonggi Province and Yangsan in South Gyeongsang P

Asiana Airlines Inc., South Korea's second-biggest airline, said Tuesday it has asked 12 cabin crew members to self-isolate after their colleague on a Incheon-New York flight was diagnosed with the new coronavirus. The infected flight attendant flew with the 12 others on the flight OZ222, which left Incheon last Tuesday (Korean time) and returned on the flight OZ221 from New York on Thursday (US time), according to Asiana. The purser reportedly traveled in his private car to Samcheok, Gangwon

South Korean airlines are facing further challenges after the government imposed stricter entry restrictions to fight the spreading coronavirus outbreak. Korean Air Co., South Korea's biggest airline and national flag carrier, said Monday it will temporarily suspend all flights on the Incheon-Beijing route from Saturday to April 25, leaving only three routes available to China. The move comes as China steps up efforts to keep out imported COVID-19 cases. On Sunday, the Chinese aviation author