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Heekyong Yang

Samsung Electronics to cut China phone output as market share sinks

Jun 05 2019

SEOUL/SHANGHAI South Korea's Samsung Electronics Co Ltd said on Wednesday it plans to cut production at a smartphone plant in China, as competition from domestic rivals squeezes its share of the world's biggest smartphone market to less than a paltry 1%. | Video

Korean Air CEO says ownership discussions are ongoing after patriarch's death

Jun 03 2019

SEOUL Korean Air Lines Co Ltd's chief executive on Monday said ownership discussions are ongoing with family members after their patriarch's sudden death in April raised questions about the future of the airline and parent Hanjin Group.

Global airlines slash profit forecast on protectionism fears

Jun 02 2019

SEOUL Global airlines slashed a widely watched industry profit forecast by 21% on Sunday as an expanding trade war and higher oil prices compound worries about an overdue industry slowdown.

Budget airlines the flavor of South Korean aviation market, Jeju travel booms

Jun 01 2019

JEJU, South Korea Kim Bo-Min, a Starbucks barista, paid 140,000 won ($118) for a round-trip from her hometown of Daegu to the popular resort island of Jeju, arriving on T'Way Air Co Ltd, part of South Korea's rapidly growing low-cost airline sector.

Trade gloom, rising oil, Boeing 737 MAX woes to cloud aviation summit

May 30 2019

SEOUL Global airlines are meeting under a storm pattern of trade tensions, rising oil prices and a two-month-old grounding of the Boeing Co 737 MAX jetliner - threatening to put a halt to five years of strong profits in the cut-throat air travel industry.

Boeing 737 MAX may not return to service until August: IATA head

May 29 2019

SEOUL Boeing Co's 737 MAX is unlikely to return to service before August, the head of the International Air Transport Association (IATA) said on Wednesday, adding that the final say on the timing rested with regulators.

Huawei ban puts South Korea in a familiar place: caught between the U.S. and China

May 29 2019

SEOUL Less than a week after Huawei Technologies was blacklisted by the United States, more than a hundred South Korean politicians and business leaders toured the Chinese tech giant's headquarters and its lavish new campus outside Shenzhen.

South Korea's latest big export - Jobless college graduates

May 13 2019

SEOUL Cho Min-kyong boasts an engineering degree from one of South Korea's top universities, a school design award and a near-perfect score in her English proficiency test.

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