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Fraport AG

Korean Air Increases Cargo Services Between Frankfurt Airport and Seoul
Frankfurt/Rhine-Main Home of Europe's Largest Korean Business Community

Frankfurt/Main (Germany) -

Korean Air (KE) has increased its cargo
services between Frankfurt Airport (FRA) and Seoul-Incheon Airport
(ICN), South Korea, from three to four freighter flights per week, in
response to increasing demand for airfreight capacities between Asia
and Europe.  The Asian airline is using Boeing 747-400F cargo jets
for the new service. Last week, the inaugural fourth flight from
South Korea arrived at Frankfurt Airport, loaded mainly with
electronic goods. Only three hours later, the jumbo jet took off
again for its ten-hour non-stop flight back home.
Frankfurt Airport - the number one cargo hub in Europe and number
eight worldwide (ACI 2002 figures) - and the surrounding
Frankfurt/Rhine-Main region play an important role for Korean
business and industry in Europe.  According to the Frankfurt Chamber
of Commerce and Industry (IHK Frankfurt/Main) more than 57 Korean
large-scale enterprises have established branches or European
headquarters here in the region.
In addition, 200 smaller companies offer various services and
products. These include restaurants, transport firms, opticians and
car repair shops. About 10,000 Koreans live in the
Frankfurt/Rhine-Main region, forming Europe's largest Korean
community. This vibrant business community is optimally linked to its
homeland South Korea via the Frankfurt Airport hub and is served by
both Korean carriers, Korean Air and Asiana Airlines (OZ), which both
offer several passenger and cargo flights per week. Lufthansa
(Asiana's Star Alliance partner) also offers frequent flights between
FRA and ICN.
More information about Korean Air and Frankfurt Airport's
CargoCity is available on the Internet at: www.koreanair.com and
www.cargocity-frankfurt.de.

Contact:

Fraport AG Frankfurt Airport Services Worldwide
Attn: Robert A. Payne - Manager International Press
60547 Frankfurt am Main, Germany
Tel.: +49 69.690.78547
Fax: +49.69.690.60548
E-mail: r.payne@fraport.de
Internet: www.fraport.com.

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