Nambu Air is the tentative name for a Korean start-up that will be based in South Gyeongsang Province. With registered capital of KRW100 billion (USD86.7 million), the provincial government plans to launch Korea's seventh LCC in 2017. Approximately 10% of the investment is expected to come from the local government with the remaining 90% to come from five other companies. The proposed LCC was expected to launch operations in Dec-2017, but a 2019 launch is more likely.
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