|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||800.00 (2.82%)|
|Ex-Dividend Date||Dec 28, 2022|
|1y Target Est||N/A|
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U.S. and EU antitrust authorities are worried about reduced cargo competition from a merger between South Korea’s top airlines. The post US, EU object to cargo concentration in Korean Air, Asiana merger appeared first on FreightWaves.
The U.S. Justice Department is considering suing to block Korean Air's planned acquisition of Asiana Airlines, Politico reported on Thursday. The U.S. Department of Justice has been investigating the November 2020 deal for roughly two years, and is concerned that it will hurt competition on overlapping routes to the United States, the report said citing three people with knowledge of the deliberations. In response to the report, Korean Air said the Justice Department had not made any official decision, adding the South Korean airline would continue its dialogue with the U.S. government until a final decision is made.
WASHINGTON/SEOUL (Reuters) -The U.S. Justice Department is considering suing to block Korean Air's planned acquisition of Asiana Airlines, Politico reported on Thursday. The U.S. Department of Justice has been investigating the November 2020 deal for roughly two years, and is concerned that it will hurt competition on overlapping routes to the United States, the report said citing three people with knowledge of the deliberations. In response to the report, Korean Air said the Justice Department had not made any official decision, adding the South Korean airline would continue its dialogue with the U.S. government until a final decision is made.
The number of Chinese applying to visit South Korea has more than doubled in the first week after Seoul resumed issuing short-term visas, according to the country's embassy in Beijing. On Monday, the South Korean embassy said that an average of 2,430 visa applications were submitted every day between Monday and Thursday last week. Applications increased about 116 per cent from the week before, when short-term visas were still restricted and the daily average was 1,123. Do you have questions abou
South Korea's prime minister suggested on Tuesday that COVID-19 visa curbs on travellers from China could be lifted earlier than scheduled if infections eased in the latter, as the travel and tourism industries hope for a rebound in visitor numbers. Prime Minister Han Duck-soo said Seoul could consider lifting the limit on short-term visas for such travellers before the end of February if China's tally of COVID infections proved manageable, the Yonhap news agency said. China plans to require all passengers on direct flights from South Korea to undergo a PCR test upon arrival, starting from Feb. 1, the South Korean embassy in Beijing said.
Beijing has made good on its promise to retaliate against countries that impose entry restrictions on Chinese travellers by suspending the issuance of some visas for South Korean and Japanese citizens. Chinese officials said the suspension was needed to protest against "discriminatory entry restrictions" on its citizens. The move came after several countries adopted pandemic-related curbs on Chinese travellers, such as requiring Covid-19 tests before departure and limiting flights. Some of those
A Korean Air Lines Co Ltd jet with 173 people on board overshot the runway at Cebu International Airport in the Philippines late on Sunday, the airline said, adding that there were no injuries and all passengers had evacuated safely. The Airbus SE A330 widebody flying from Seoul to Cebu had tried twice to land in poor weather before it overran the runway on the third attempt at 23:07 (1507 GMT), Korean Air said in a statement on Monday. Korean Air President Keehong Woo issued an apology on the airline's website, saying a thorough investigation would be carried out by Philippine and South Korean authorities to determine the cause.
Rating Action: Moody's assigns Aa2 to Korean Air's proposed notes guaranteed by KDBGlobal Credit Research - 07 Sep 2022Hong Kong, September 07, 2022 -- Moody's Investors Service has assigned a rating of Aa2 to the US dollar senior unsecured notes to be issued by Korean Air Lines Co., Ltd. and guaranteed by Korea Development Bank (KDB, Aa2/P-1 stable).The proceeds from the notes will be used by Korean Air for general corporate purposes, including repayment of existing debt.RATINGS RATIONALEThe Aa2 rating of the notes reflects KDB's Aa2(cr) long-term Counterparty Risk (CR) Assessment, because KDB provides an unconditional and irrevocable guarantee for the notes. Alternatively, please see the Rating Methodologies page on https://ratings.moodys.com for a copy of this methodology.Korean Air Lines Co., Ltd. is a leading airline company in Korea.
Air traffic around Taiwan is gradually returning to normal after airspace surrounding the island reopened, Taiwan's Ministry of Transportation and Communications said on Monday, although China later announced fresh military drills in the area. China last week deployed scores of planes and fired live missiles near the island during military exercises sparked by U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan.
Korean Air canceled flights between Incheon and Taiwan on Friday and Saturday, while Asiana Airlines canceled Friday's direct flight to Taiwan and will monitor the situation, news agency News1 and other local media reported. Spokespeople for Korean Air and Asiana could not be immediately reached.