AJU PRESS - ASIA NEWS HUB

Korean LCCs streamline routes and payroll on Gulf war impact SEOUL, April 13 (AJP) - The Gulf war is not yet two months old, but South Korean low-cost carriers are already scaling back long-haul routes and trimming payroll as surging fuel costs and a weakening won curb overseas travel. T’way Air has begun accepting applications for unpaid leave from cabin crew, marking its first such program since August 2024, according to industry sources Monday. The airline said
BOK nominee Shin claims he shed foreign assets ahead of hearing SEOUL, April 13 (AJP) — Shin Hyun-song, nominee for governor of the Bank of Korea, defended the central bank’s interventionist stance to curb excessive dollar strength against the won, describing the country’s foreign exchange buffers as “robust” against external shocks. In a written response released Monday ahead of his parliamentary confirmation hearing, Shin warned that a sharp r
Lee set to hold first summit in decades with Polish leader to boost defense cooperation SEOUL, April 13 (AJP) - President Lee Jae Myung is set to hold talks with Poland's Prime Minister Donald Tusk on Monday. The first meeting between the two leaders also marks the first visit by a Polish leader in 27 years and Tusk's first trip to a non-European country since taking office in December 2023. Tusk, who arrived in South Korea on Sunday for a two-day visit at Lee's invitation, is sche