South Korea and 22 European Union (EU) countries have revised the "horizontal aviation pact" to include expansion of their air routes, the transport and foreign ministries announced.
The agreement includes seeking technological exchanges in helicopter production and aircraft parts cross-certification.
South Korea signed a "horizontal aviation pact" with 23 EU nations, including Britain. But the latter's exit from the EU required a revision in the pact.
Yoon Soon-gu, South Korean ambassador to Belgium and the EU, and his counterpart from the EU signed the revised pact with the 22 EU nations.
The agreement allows all airlines of the 22 EU nations to conduct flights from any of the signing countries to South Korea, providing customers more options.
South Korea has a separate aviation agreement with Britain.
Currently, carriers are only allowed to fly to South Korea from their countries of origin.
Of the 27 EU members, Cyprus, Estonia, Ireland, Lithuania, and Slovenia have not signed aviation agreements with South Korea.


Asian Stocks Rebound as Tech Shares Rally on Fed Rate Cut Hopes and Easing Iran Tensions
Iran Begins Oil Sale Talks With Japan Under U.S. Sanctions Waiver Amid Shipping Risks
US Stock Futures Slip as Fed Minutes, Earnings Season Take Center Stage
China Services PMI Beats Forecasts as Strong Demand Supports June Growth
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals
JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026
Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation
Asia Stocks Fall as Samsung Earnings Fail to Ease AI Valuation Concerns
Gold Price Today: Gold Slips as Dollar Rebounds Ahead of Fed Minutes
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 



