Airlines
South Korea Issues Licenses for Three New LCCs
An already crowded market for discount carriers stands to become more congested.

South Korea’s Ministry of Land, Infrastructure, and Transport (MLIT) has issued licenses to three new low-cost carriers (LCCs), further crowding an already broad field of discount airlines in the country. The three airlines—Aero K, Fly Gangwon, and Air Premia—plan to join six established LCCs in the fiercely competitive market.