Latest news of Aviation

  • Philippines ‘friendlier to foreign investment under Duterte’

    Philippines President Rodrigo Duterte’s rule will help foreign investors shake off anxiety about investing in the country, putting to rest external worries about political instability, says the country’s Department of Trade and Industry Secretary Ramon Lopez. In his Dec. 6 visit to Seoul for the ASEAN-Korea Center’s Invest Philippines seminar, the secretary sat down with   Read more

  • Samsung Heavy to clinch maximum 900 bil. won deal with Norwegian firm

    Samsung Heavy Industries (SHI) is expected to clinch a maximum 930 billion won ($777 million) shipbuilding deal with a Norwegian ship-owning company. It will be a crucial deal for the debt-ridden shipyard that has been suffering from liquidity problems and low cash flow as well as increasing debt. According to the shipbuilding industry-focused magazine TradeWinds,   Read more

  • Gucci owner meets Korea’s retail giants

    Kering CEO Francois-Henri Pinault came to Korea, Wednesday, to meet owners and CEOs of retail giants here, according to industry sources. Kering, which changed its name from PPR in 2013, is the French luxury goods holding company owner of more than 20 luxury sport and lifestyle brands including Gucci, Bottega Veneta, Saint Laurent Paris, Balenciaga,   Read more

  • Korea’s auto exports turn around in Nov. after 17-month lapse

    South Korea’s car exports turned around for the first time in 17 months in November on the back of increased production after the end of strikes at major carmakers, government data showed Thursday. The total value of overseas car shipments rebounded to rise 1.5 percent on-year to US$3.98 billion in November, according to the Ministry   Read more

  • Railroad employees return to work after 74-day walkouteenu

    South Korea’s unionized railway workers will end their 74-day-long strike and return to work Friday, while vowing to continue their protest against the implementation of a performance-based pay system. The Korean Railway Workers’ Union said it will end the walkout as of 2 p.m., concluding its longest-ever railway strike that began with subway services unions   Read more

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