Korean Air announces details of USD1 billion redevelopment initiative in Los Angeles

Korean Air Chairman, Yang-Ho Cho, detailed (25-Mar-2010) a USD1 billion redevelopment initiative in Los Angeles. The project includes a 560-room luxury hotel and a 65-story office tower that will create approximately 12,000 jobs. Los Angeles serves as Korean Air's North and South American headquarters, and the airline is one of the city's largest foreign employers. [more]