Korean Air Wins Grand Prize at the 24th Logistics Awards

Shim Jae-sun, Chairman of the Korea Logistics Industry Promotion Foundation, Kwon Oh-kyung, Advisor of the Korean Logistics Association, Eom Jae-dong, Head of Cargo Business Division at Korean Air, and Kim Dae-gi, President of the Korean Logistics Association (from left), are posing for a commemorative photo after receiving the Grand Prize in the large enterprise category at the 24th 'Logistics Awards' ceremony held at the Korea Chamber of Commerce and Industry on the 21st.

[Asia Economy Reporter Dongwoo Lee] Korean Air announced on the 24th that it won the Grand Prize in the large enterprise category at the 24th ‘Logistics Awards’ ceremony held at the Korea Chamber of Commerce and Industry.

Now in its 24th year, the Logistics Awards is a ceremony jointly hosted by the Korean Society of Logistics and the Korea Chamber of Commerce and Industry. It selects and awards companies, organizations, and individuals who have contributed to strengthening the competitiveness of the domestic logistics industry and the development of the national economy. Due to its long tradition, it is regarded as a prestigious ceremony in the domestic logistics sector.

Korean Air was highly evaluated for proactively expanding cargo supply amid the crisis caused by the COVID-19 pandemic, which led to a decrease in passenger demand and suspension of aircraft operations in various countries, ensuring timely transportation of urgent cargo such as quarantine supplies and supporting export companies.

Korean Air actively deployed idle passenger aircraft on routes with high cargo demand and installed cargo seatbacks that allow safe loading of cargo on passenger seats for cargo transportation. Through a counterintuitive strategy such as modifying passenger seats to increase cargo supply, it was one of the very few global major airlines to record a profit last year.

It established a dedicated vaccine transportation task force (TF) to manage the in-house cold chain and signed business agreements for global COVID-19 vaccine transportation with UNICEF and the COVAX Facility, receiving positive evaluations for its role in vaccine distribution as a global airline.

Korean Air has signed a business agreement with the Korea Agro-Fisheries & Food Trade Corporation (aT) to support increased exports of high-quality domestic agricultural products such as strawberries and king oyster mushrooms overseas, thereby enhancing global competitiveness.

Korean Air stated, "As a key national industry, we will continue to increase cargo supply according to market demand by utilizing cargo-only passenger aircraft, improving cargo aircraft utilization rates, and scheduling additional charter flights to minimize damage to export companies caused by cargo supply shortages."

This content was produced with the assistance of AI translation services.