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Korean Air is facing a growing mileage-related liability as it moves to integrate its mileage program with that of Asiana Airlines, with higher redemption requirements adding pressure on the combined carrier’s ticket sales and profitability. Last week, the Fair Trade Commission (FTC) approved the airlines’ mileage integration plan, requiring Korean Air to provide more opportunities for customers to use their accumulated miles. Under the plan, Asiana miles will remain separately available for 10 years after the merger. As of the end of June, Korean Air’s consolidated mileage-related deferred revenue stood at 4.07 trillion won ($2.94 billion), including 3.12 trillion won for Korean Air and 946.3 billion won for Asiana, according to the companies’ interim reports. The amount represents the value allocated to unused miles that have yet to be redeemed and is recorded as a liability until the related services are provided. The figure does not represent conventional debt that Korean Air must repay in cash. Rather, it reflects future service obligations. When customers redeem their mile

Korea’s defense industry stands at a critical crossroads, as its export boom gives way to a new phase in which major overseas buyers are demanding local production and supply chains in their own markets. From K9 self-propelled howitzers and K2 battle tanks to Chunmoo multiple rocket launchers and air defense systems, Korean-made weapons have rapidly expanded their presence across Europe and other regions. The export boom has transformed the defense industry from a largely domestic-oriented sector into one of Korea’s emerging global growth engines. But the next stage may prove more challenging. Korean defense firms can no longer rely solely on their traditional strengths of competitive prices, fast delivery and proven manufacturing capabilities. As major customers increasingly demand technology transfers, local production and participation in their own defense industries, Korean companies are pushed to become not just arms exporters, but long-term industrial partners. That shift could determine whether the current K-defense boom develops into a sustainable global business or remains a t

Korea has emerged as a major player in the global defense market, with its domestically developed weapons systems gaining traction for their competitive prices, advanced technology and fast delivery. From artillery and tanks to fighter jets and missile defense systems, Korean defense companies are expanding their global footprint and reshaping the country’s position in the international arms industry. K9 Thunder The K9 Thunder is Korea’s flagship self-propelled howitzer and one of the country’s most successful defense export items. Designed to provide mobile, long-range artillery fire support for ground forces, the 155-millimeter system can rapidly move, fire and relocate, making it well-suited to modern, highly mobile battlefields. The K9 is now used or being introduced by a growing list of countries, including Poland, Australia, Egypt, India, Norway, Finland, Estonia and Turkey. Poland has emerged as its largest export customer under a major deal to reinforce its artillery capabilities in the wake of Russia’s invasion of Ukraine. Redback IFV The Redback is Hanwha Aerospace’s nex

Renault Korea’s flagship crossover, the Filante, looks imposing at first glance, but feels surprisingly agile behind the wheel. Its planted ride, refined cabin and better-than-expected fuel economy give the large crossover a distinctive mix of comfort and driving appeal. The Filante was driven for about 400 kilometers on a round trip between Seoul and Daejeon, covering a mix of urban roads and highways. Across the route, the crossover delivered a stable ride and impressive fuel efficiency, making a strong overall impression. The Filante shares some of its design cues with Renault Korea’s popular Grand Koleos SUV, but carries a more upscale and sportier character. Measuring 4,915 millimeters in length and 1,635 millimeters in height, it has a substantial presence. Yet its low, flowing roofline and floating rear spoiler give the large body a sleeker profile, blending elements of a sedan and an SUV. The difference becomes more apparent once the car gets moving. The Filante’s driving character can be summed up in one word: planted. Its E-Tech hybrid powertrain combines a 1.5-liter turbo

AI companies Anthropic, OpenAI, Space XAI and Google are being sued over alleged collusion as pressure mounts to slow the rapid development of AI. The complaint, filed Friday in the U.S. District Court for the Northern District of California, points to a recent proposal from Anthropic CEO Dario Amodei, who called for “industry-wide coordination” to...

Chinese action camera maker Insta360 is deepening its US footprint with a flagship store opening in New York as it navigates escalating price competition with DJI and industry-wide memory cost pressures. The Chinese GoPro rival was slated to plant its flag in the heart of Times Square with its first flagship retail store in the US on Saturday, a marquee launch as the firm looked to “leap to the next stage of growth”, co-founder Max Richter said. “The US market plays a very important role for us...

Just got a new iPhone 18 Pro or Pro Max? You’ll want to read this first before setting it up.

Betting big on its durability is the Poco X8’s IP-rated resistances. Yes, multiple ones.

Xiaomi’s new wide-screen foldable will launch in China on 7 September.

The restaurant will anchor a nationwide Sushiro x Pokemon campaign that features themed dishes and collectables from 10 September to 22 October.

Sen. Josh Hawley (R-Mo.) invited the CEOs of Flock Safety and other prominent AI-powered surveillance camera manufacturers to testify before the upper chamber's Judiciary Subcommittee on Crime and Counterterrorism next week. Hawley, the subcommittee's chair, wrote on social media Friday that he “invited the CEOs of Flock Safety, Axon, Motorola and Verkada to testify in...

MANILA, Philippines — Before spending their hard-earned savings on a new tool, student buyers need a reliable gadget guide to help them make informed and confident decisions on their next big purchase.  We’ve created a list of things that students should remember, know, and avoid before deciding on their next gadget purchase that will empower