South Korean low-cost carriers (LCCs) will need to change their strategy as the market matures, T’way Air president and CEO Hahm Chul-ho said. T’way Air is the country’s longest established LCC. Hahm said the current strategy that was working for Korean LCCs—targeting niche markets with a limited number of aircraft—will have to change as LCCs take some 50% of the local market. “Targeting niche markets was the answer for a first-stage strategy,” he ...

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