As the hydrogen market is expected to expand as an eco-friendly energy industry, major countries are rushing to promote hydrogen utilization promotion policies.On Aug. 22, the Korea International Trade Association (KITA) released a report on policy research to boost the competitiveness of the Korean
A Korean Air passenger plane that was headed to the city of New York in the U.S. had to return to Incheon International Airport due to an aircraft malfunction.According to Korean Air on Aug. 14, its flight with the number KE081 and carrying around 400 passengers took off from Incheon Airport at 10 a
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Jeju Air’s 2Q23 results missed consensus due to a significant drop in passenger fares. Amid concerns of a demand peak out, an expansion of short-haul capacity is likely to increase supply burden and
The outline of SK Group’s hydrogen business, one of its future growth drivers, is gradually becoming visible. However, as the hydrogen business is in its early stages, it may take a considerable period of time for the Korean business group to turn a profit.SK Group has recently begun its hydrogen bu
A new service has been launched to help passengers board domestic flights using only a PASS application on their smartphones, eliminating the need for physical identification and paper boarding passes.On Aug. 7, SK Telecom, KT, LG Uplus, and the Korea Airports Corporation jointly announced the launc
Korea Development Bank (KDB), which has been pushing for the merger of Korean Air and Asiana Airlines, has started reviewing alternatives such as the sale to a third party, assuming the failure of the merger process. This move is interpreted as the initiation of “Plan B” after the merger between the
The total amount of battery energy in electric vehicles registered in 80 countries around the world in the first half of this year was 304.3 gigawatt hours (GWh), up 50.1 percent year on year, according to SNE Research on Aug. 3. The electric vehicles included battery electric vehicles (BEVs), plug-
The number of new imported passenger car registrations in July was 21,038, down 1.3 percent from a year earlier, according to the Korea Automobile Importers & Distributors Association on Aug. 3. The figure was down 21.0 percent from the previous month. The cumulative total from January through July
The Trax Crossover and Trailblazer from Chevrolet were first and second respectively among Korea's vehicle exports in June.According to "Automotive Industry Trends in June 2023" released on July 28 by the Korea Automobile & Mobility Association (KAMA), the Trax Crossover sold 24,359 units overse
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr
After two decades since the establishment of diplomatic relations in 1992, China is likely to be knocked out from its role as the largest trading partner of the South Korean economy. The void left by China is quickly being filled by Korea’s ally, the United States.South Korea’s current account surpl
Over 650,000 electric vehicles (EVs) were sold in the United States in the first half of this year, representing an increase of over 50% compared to the same period last year. However, the market share of Korean automakers is retreating.The Korea Automobile & Mobility Industry Association (KAMA) ann
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
The Chevrolet Trax Crossover and Trailblazer, GM Korea’s two flagship models, ranked first and second in Korea’s passenger car exports in June thanks to a surge in demand from the North American market.According to the Korea Automotive Manufacturers Association (KAMA) on July 20, the Trax Crossover
Hyundai E&C announced that it has signed an agreement with Boryspil International Airport in Ukraine on July 14 (local time) for an airport expansion project. The signing ceremony took place in Warsaw, Poland, attended by Won Hee-ryong, minister of land, infrastructure and transport; Park Sun-ho, ch
A scheduled Asiana Airlines international flight bound for Ho Chi Minh, Vietnam, was canceled due to the inability to secure a pilot.According to Asiana Airlines on July 16, flight OZ731, which was scheduled to depart from Incheon Airport at 7:35 a.m. and arrive in Ho Chi Minh at 11:05 a.m., was can
The number of luxury cars costing more than 300 million won registered in Korea has crossed the 6,000 mark. Foreign luxury car brands such as Rolls-Royce, Ferrari and Bentley are eyeing the growing Korean luxury car market.Korea had a total of 6,299 luxury vehicles that cost more than 300 million wo
Renault Korea, KG Mobility (formerly SsangYong Motors), and GM Korea, three major domestic mid-tier automobile manufacturers, have begun preparations to enter the electric vehicle market. They are preparing for the launch of electric car models and the expansion of some production facilities. Howeve
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Bumhan Fuel Cell’s profitability has been sapped by delayed orders for domestic submarines and stiffer competition for hydrogen refueling stations. But, having localized fuel cells for submarines, it
Taiwan has proposed forging a Northeast Asian cruise federation to the South Korean government.The Korean Ministry of Oceans and Fisheries held a closed-door meeting in Taiwan last month with the Taiwanese port industry, including Taiwan International Ports Corporation (TIPC) and International Cruis