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 Sustainability Management / Economic Growth |
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| Korean Air will secure global competitiveness through profit-oriented business operation and growth with internal stability. By anticipating changes in uncertain management environments, Korean Air will enforce risk management that can react to such and will strive to invigorate the nation’s economy by seeking new growth momentum. |
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15.9% growth in sales compared to last year, 5 consecutive years as number one in international cargo transport |
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Regardless of fuel costs surging by 61% compared to 2007 and soaring exchange rates, by development of new demand through launching new routes to Munich, Tel Aviv and Milan and global network and operation of effective flight schedules, Korean Air has transported 21.8 million passengers yearly and 2.16 million tons of cargo and was able to achieve sales up to 10.2 trillion won, which is an increase of 15.9% compared to last year. |
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Korean Air has made an astonishing achievement by being ranked first for five consecutive years in statistics of global cargo transport announced by IATA (International Air Transport Association), beating international leading airline companies such as Cathay Pacific and Lufthansa. This achievement was possible through a network expansion by launching cargo services in Uzbekistan and Navoi and ensuring a bridgehead of market development in Latin America, service improvement by maintenance of state-of-the-art cargo fleet, investment in cargo terminals and IT, and above all, through swift and safe quality control. |
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Ensuring Dynamics for Future Growth |
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Regardless of the economic recession, Korean Air is making aggressive investments to ensure the dynamic for future growth. |
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Creating value for stakeholders |
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Creating value for stakeholders is a core objective for sustainable development of Korean Air. |
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We make efforts to ensure profits from economic activities are allocated evenly to diverse stakeholders including shareholders, customers, employees, vendors, public institutions and the community. |
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Contribution to Global Economy
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Formation of Global Network |
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Korea Air made a contribution to global economic activities by transporting 23.12 million passengers and 2,162,119 tons of cargo in 2008. |
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Global network that connects city to city and people to people creates diverse employment opportunities along with balanced economic growth among regions. |
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Korean Air has become dynamic for revitalization of national and community economy by impacting directly on support of import and export activities for manufacturing and logistics and attracting finance and service industry. |
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Korean Air is creating extensive job opportunities through aerospace, hotel and in-flight catering businesses. |
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