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Articles by Ji Hong-goo
Virgin Atlantic launches new Incheon-London route
(Incheon International Airport Corp.) Virgin Atlantic Airways Co. has launched a new route connecting Incheon and London, marking a significant expansion of air travel options between South Korea and the United Kingdom. Incheon International Airport Corp. held an inaugural ceremony at Terminal 2 of Incheon International Airport on Tuesday to celebrate the airline’s first operation on the Incheon-London route.
Duty-free retailers cry foul over ‘excessive’ Incheon Airport rents
A simmering dispute between Incheon International Airport Corp. (IIAC) and domestic duty-free operators over rental fees has escalated after a court-commissioned appraisal concluded that current rents are far above market value. Samil PwC, tasked by the Incheon District Court to assess the matter, found that rents for the airport’s duty-free zones - if put out for rebidding - would likely fall to about 60 percent of current levels.
Incheon Airport poised to turn a profit in 2023
South Korea's Incheon International Airport is set to emerge from the impact of the Covid?19 pandemic after four years. After losing money from 2020 to 2022, the airport is forecast to turn a profit for the first time in 2023, with international passenger traffic projected to return to pre-Covid-19 levels in 2024.
Incheon Airport poised to turn a profit in 2023
South Korea’s Incheon International Airport is set to emerge from the impact of the Covid‐19 pandemic after four years. After losing money from 2020 to 2022, the airport is forecast to turn a profit for the first time in 2023, with international passenger traffic projected to return to pre-Covid-19 levels in 2024.
World Korean Business Convention to be held outside Korea for first time in U.S.
The 21st World Korean Business Convention (WKBC), the largest networking event for South Korean-owned businesses and business leaders, will be held in Orange County, California, United States, for four days from Wednesday in line with the 120th anniversary of the Korean immigration to the U.S. and the 70th anniversary of the U.S.-Korea alliance.
Uijeongbu City stirs controversy as it tries to drop logistics center plan - Pulse by Maeil Business News Korea
Businesses in South Korea continue to suffer because of leadership changes and policy shifts in local government organizations in a recent case that involves Uijeongbu City’s attempt to overturn a logistics center project that had previously been approved by its former mayor, sparking strong opposition from private business owners.
Outbound travelers in Korea more than double that of inbound visitors Jan.-Nov. - Pulse by Maeil Business News Korea
The number of South Koreans traveling abroad has more than doubled that of foreigners visiting the country in the first 11 months of last year, further aggravating the country’s tourism balance that is already in a chronic deficit. According to Korea Tourism Organization data on Sunday, the number of Koreans leaving the country in the first 11 months last year was 5.16 million, a more than a four-fold increase from the previous year of 1.2 million.
Incheon Int’l Airport Corp wins $530 mn Indonesian airport project - Pulse by Maeil Business News Korea
Incheon Int’l Airport Corp wins $530 mn Indonesian airport project Receiver Sender title message [Photo by Incheon International Airport Corp.] The Incheon International Airport Corp. (IIAC), operator of Korea’s main air gateway, will be in charge of upgrading and operating Hang Nadim Batam Airport in Indonesia upon winning the procurement in a consortium with local companies.
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