South Korea has sweetened the pot in a bid to secure a hotly contested $1 billion contract for its T-50 Golden Eagle jet trainer for Israel’s air force by offering to buy Rafael Advanced Defense Systems’ Iron Dome counter-rocket system. More >

Korean Air has confirmed that commencing 29th April 2012 it will add to its daily service between London’s Heathrow Airport and Seoul, South Korea, with flights from London Gatwick, which will initially be three times a week. More >

South Korea’s current account surplus rose to its highest level in 13 months in November as exports of petrochemical goods and cars remained firm, the central bank said Thursday. More >