Korean Air Lines Co., South Korea's top carrier, will raise its fares for international passenger flights by up to 10 percent from August to cushion rising costs and improve passengers' convenience, the transportation ministry said Tuesday.
Korean Air will increase its passenger fares for routes to the United States by 5 percent, and to Europe, Australia and New Zealand by 10 percent, the Ministry of Land, Transportation and
Maritime Affairs said.
The fare hike comes after the top carrier raised its passenger fares on routes to the U.S. and Australia by 5 percent and 10 percent, respectively, in June of last year.
South Korean carriers can increase overseas passenger fares with approval from the government
or after reporting fare hike plans to it.