logo
YVR celebrates additional Asia-Pacific connections with inaugural T'way flight to Seoul Français

YVR celebrates additional Asia-Pacific connections with inaugural T'way flight to Seoul Français

Cision Canada16 hours ago
New carrier strengthens YVR's position as a global gateway, key driver of trade and economic impact
MUSQUEAM TERRITORY and RICHMOND, BC, July 12, 2025 /CNW/ - Vancouver International Airport (YVR) is proud to be the first airport in North America to welcome regular service from South Korean airline, T'way Air. Today's inaugural flight kicks off four-times weekly, year-round service between Incheon International Airport (ICN) in Seoul and YVR, further positioning YVR as the preferred North American gateway to Asia-Pacific.
The new T'way service provides the community with even more flexibility and convenience when travelling to South Korea and connections across Asia, but the benefits of this new service go beyond passengers alone. An additional air connection provides increased cargo capacity to further diversify trading markets and get British Columbian and Canadian products to consumers in Asia and around the world. 2024 was a record-breaking year for cargo out of YVR with more than 339,000 tonnes of goods shipped through the airport and South Korea is YVR's number two air export destination.
"British Columbia has long had strong ties with South Korea and is home to a large Korean community that continues to make significant contributions to the cultural diversity and prosperity of our province," said B.C. Premier David Eby. "This affordable direct flight will allow people to stay connected with friends and family across the Pacific and also means that it will be faster and easier to do business with our fourth largest trading partner, strengthening the economic ties between us during a time of global uncertainty."
"This new service to South Korea is about more than travel convenience—it represents a strategic investment in connectivity, trade, and Canada's place in the global economy," said Tamara Vrooman, President and CEO at YVR. "YVR is excited to further expand our ability to connect Canada with the world, to support industry and families, attract investment, and to further build resilience in supply chains."
Each new international route from YVR results in direct economic benefit, with the flight to Seoul estimated to generate $39.8 million in economic output, $20.8 million in GDP, and 237 full time jobs in the province.
"The launch of our Vancouver–Incheon route represents more than just a new destination—it's a meaningful bridge connecting people, cultures, and economic opportunity," said Mr. Sang Yoon Lee, CEO of T'way Air. "As the first Korean low-cost carrier to serve Canada, we're excited to welcome onboard travellers to Korea while continuing to deliver reliable service."
Prior to the flight departing for its inaugural 11-hour journey, Elders from Musqueam, joined by Musqueam Councillor Morgan Guerin, helped send passengers on their journey in a good way with traditional songs and hands raised. Since 2017, this relationship has been guided by the Musqueam-YVR Sustainability & Friendship Agreement, a 30-year commitment built on respect, reconciliation, and shared prosperity.
Flights with T'way from Vancouver to Seoul are scheduled to depart YVR at 5:25 p.m. local time arriving at ICN the next day at 9:35 p.m. local time. T'way is operating this route using an Airbus 330-300 aircraft, offering 347 seats, including lie-flat options in its Business Saver class, moving approximately 2,700 passengers weekly.
Established in 2010, T'way Air is a low-cost carrier serving more than 40 destinations domestically in South Korea and around the globe including Europe, Asia, Australia, and now North America with the introduction of service to YVR.
For further details on this new service and to book, please visit www.twayair.com.
Photos and B-roll footage of the departure celebrations at YVR are available upon request by contacting [email protected].
ABOUT YVR
Vancouver International Airport (YVR) is a diverse global hub that connects people, cargo, data, and ideas and serves as a platform for our community to come together and thrive. We are motivated by supporting regional economic development and making a positive difference in the lives of British Columbians. We do this with a focus on serving our passengers, partners, workers, and community through digital modernization, climate leadership, reconciliation, and financial sustainability.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canada's proposed east-west energy corridors should prioritize clean energy
Canada's proposed east-west energy corridors should prioritize clean energy

Canada News.Net

time2 hours ago

  • Canada News.Net

Canada's proposed east-west energy corridors should prioritize clean energy

Canadian Prime Minister Mark Carney has made establishing east-west energy corridors a priority for Canada. He suggested that such corridors would include new oil and natural gas pipelines, designed to reduce dependence on the United States. Energy and Natural Resources Minister Tim Hodgson has gone even further in pushing for subsidization of carbon capture and storage projects that would effectively underwrite the long-term continuation of the fossil fuel industry at taxpayer expense. While there might be short-term political reasons for backing fossil fuels, such an approach goes against Canada's long-term interests. Prioritizing fossil fuels undermines the country's commitments to reduce emissions and takes away the investment needed for it to realize its potential to become a green energy superpower. Creating energy corridors is in the national interest, and would allow Canada to take full advantage of its abundant and diverse energy and mineral resources. The government also needs to be involved, as the corridors are interprovincial and will require substantial investment. However, the government has limited resources and so Canada must think strategically about its priorities for such corridors. Canadian taxpayers should not be subsidizing an already lucrative oil and gas industry. Instead, the federal government should prioritize funding clean energy supply solutions. Canadian governments have long faced opposition to building new pipelines. The provinces of Quebec and British Columbia and many First Nations have strongly opposed new pipeline proposals. More recently, there is some signs of softening under the duress of U.S. tariffs. Even if such shifts are lasting, it's for the private sector to step up and invest into these projects. Previous federal investments, such as the Trans Mountain pipeline (TMX), were reflections of the private market's unwillingness to invest in pipelines because they are bad investments. The 2024 Parliamentary Budget Office report estimated that selling the TMX would result in a loss. There are reasons to question the soundness of fossil fuels on a purely financial basis. A 2022 Parliamentary budget office report found that climate change reduced GDP by 0.8 per cent in 2021, or around $20 billion. This number is expected to rise to 5.8 per cent per year by 2100 (or $145 billion in 2021 dollars). By contrast, from 2017 to 2021, federal, provincial and territorial governments received an average of $12 billion annually in revenues from the the oil and gas industry. The gap between the costs and benefits is only going to increase over time. The costs cut across all aspects of life, including food security, health care, global instability and threats to coastal cities due to sea level rise. On the other hand, every dollar invested in adaptation today has an estimated return of $13-$15. Furthermore, a recent study indicates a likely glut in global natural gas markets, and the future prospects for oil are equally questionable. For example, one of Canada's target markets, Japan, has been reselling its liquefied natural gas imports to other countries, suggesting the glut of oil and gas is likely to continue as cheaper producers, including those in the Middle East and Southeast Asia, who are cheaper and closer to consumers, flood the market. Cheaper and closer oil producers are also flooding markets in anticipation of declining prices. There are important opportunity costs of investing money in fossil fuels that could otherwise be invested in the clean energy economy. When new technologies arise, there is a limited window of opportunity for global competitors to enter into an emerging industry. In light of the shift to electric vehicles, heat pumps and artificial intelligence, it's clear that energy demand is bound to increase significantly in Canada in the coming years. Canada can become a global competitor, but only if it enters the race now, while the window is open. Solar and wind prices have declined by 83 per cent and 65 per cent respectively since 2009. However, they suffer from the fundamental issue of intermittency; the sun is not always shining and the wind isn't always blowing. While battery prices are declining, they remain an expensive solution. An easier solution is at hand: Canada's hydroelectric resources. Quebec, B.C. and Manitoba have abundant hydro resources that can reduce energy costs throughout the rest of the country. Alberta and Saskatchewan have potential for significant geothermal power generation. Ontario and the Atlantic provinces could contribute wind and solar. Trading electricity through an integrated national grid increases the investment capital and reduces the need for batteries while diversifying the energy mix. But we need an east-west electricity market to make this happen. An east-west grid would reduce the need for every province to run its own power generation system. Creating a pooled market would allow provinces to trade electricity, giving consumers more choice and investors a larger market and potential return on their investment. More valuable still is the fact that electricity capacity has to be built for the few peak hours and seasons. But most of the time demand is well below full capacity, such as the middle of the night or early summer, when neither heat nor air conditioning is needed in many areas. As peak times and seasons vary across the country, Canada can reduce overall costs by trading the electricity in the lowest cost producing province at a given time to where it's needed in the other. By locating some of the new clean energy in First Nations, Canada can also move reconciliation forward. There is potential for a win-win situation whereby Canada increases renewable energy generation while creating new jobs and income for First Nations wherever feasible. The first step is for regulatory reform across the provinces to support a Canada-wide electricity market, and to provide the funding for the massive infrastructure investment required to connect provincial grids. This would be a federal investment with incredible long-term payoffs for employment, taxpayers and future generations. Following this plan could truly make Canada an energy superpower on the right side of the energy transition, create thousands of jobs and give the country a global competitive edge - all while helping to save the planet in the process.

Anand says Indo-Pacific strategy will have economic focus but maintain values
Anand says Indo-Pacific strategy will have economic focus but maintain values

Winnipeg Free Press

time6 hours ago

  • Winnipeg Free Press

Anand says Indo-Pacific strategy will have economic focus but maintain values

OTTAWA – Foreign Affairs Minister Anita Anand says the economy is becoming the primary focus of Canada's relationships in the Indo-Pacific — a shift that appears linked to Canada's recent moves to overcome its security dispute with India. Anand was in Japan and Malaysia this week for her first trip to the region since taking over as foreign minister in May. Her message coming out of that trip was that Canada's foreign policy is shifting — though not abandoning — the priorities set by the previous Liberal government of former prime minister Justin Trudeau. 'It is important for us to revisit our policy — not only in the Indo-Pacific but generally speaking — to ensure that we are focusing not only on the values that we have historically adhered to,' Anand said Thursday in a teleconference from Malaysia. 'Foreign policy is an extension of domestic interest and particularly domestic economic interests. This is a time when the global economy is under stress.' The Trudeau government put language on environmental protection, labour standards and gender equality in its trade agreements. Goldy Hyder, head of the Business Council of Canada, said that made Canada appear 'a bit preachy' to other countries. He said Canada has to be respectful in the way it stands up for democratic values. A focus on the economy is quickly becoming a defining trait of the government of Prime Minister Mark Carney, a former central banker who is intent on building up Canada's domestic capacity and reshaping its trade and security plans to rely less on the United States. Carney has been mostly focused on Europe so far; he has visited the continent three times since March. Anand's visit this week 'sets the stage' for Carney's planned visits this fall to the Association of South East Asian Nations leaders' summit in Malaysia and the APEC forum in South Korea, said Vina Nadjibulla, research vice-president for the Asia Pacific Foundation. Anand visited Tokyo to sign an information-sharing agreement that could lead to defence procurement deals, before heading to Malaysia for a meeting of the Association of South East Asian Nations, or ASEAN. Her visit also comes as Canada tries to restore ties with India after two years of diplomatic chill following the 2023 shooting death of Sikh activist Hardeep Singh Nijjar near Vancouver — a crime Ottawa linked to agents of the Indian government. The RCMP said last year it had evidence of New Delhi playing a role in acts of homicide, coercion and extortion targeting multiple Sikh-Canadians. Canada subsequently expelled six senior Indian diplomats; New Delhi expelled six Canadian diplomats in response. India claims Canada is enabling a separatist movement that calls for a Sikh homeland — Khalistan — to be carved out of India, and calls that a violation of its sovereignty. Carney began to thaw the relationship in June. He invited Indian Prime Minister Narendra Modi to the G7 summit in Alberta and the two leaders agreed to reinstate their high commissioners. The two countries are also starting security talks. As the world's most populous country, India is seen as a critical partner as Carney pushes to disentangle Canada from its heavy reliance on trade with the U.S. The two countries have engaged in on-and-off negotiations on a trade deal since 2010, with frequent pauses — including Ottawa's suspension of talks after the Nijjar assassination. Hyder said India's corporate sector has been urging Canadian corporations to continue expanding trade in spite of the tensions between Ottawa and New Delhi. 'One day this is all going to be resolved, and we don't want to have lost all that time,' he said. He said the reduced number of Canadian diplomats has made it more challenging for members of his council to engage in India, because there are fewer trade commissioners in India to help Canadians connect companies with contacts and opportunities on the ground. Hyder, who spoke just before leaving for a fact-finding mission to India, said the appointment of high commissioners will set the tone for eventual trade talks. He said a trade deal would be helpful but is not 'a precondition' for boosting trade, and suggested Ottawa should focus on scaling up the roads and ports needed to meet Asia's demand for Canadian commodities. Vijay Sappani, a fellow with the Macdonald-Laurier Institute, said an India trade deal could come quite soon. 'If we put in the right efforts on our end, I feel like we could probably get a free-trade agreement done before the end of this year, if not (the first quarter) of next year,' said Sappani. 'There is no Indo-Pacific without India, and if we want to play in the global markets, where we've been kind of shunned … then we need to step up to the plate.' Monday Mornings The latest local business news and a lookahead to the coming week. Sappani said Ottawa should seek assurances from India that it will never play a role in violence in Canada. In turn, he said, Ottawa could commit to not having politicians show up at any event where there are displays commemorating those who took part in violence in support of the Khalistan movement. 'That is the biggest thing that we Canadians can do to stop some level of irritants within the Indian side, and trade definitely will come on back on the table,' he said. Anand would not say how soon Canada and India could appoint top envoys, or start trade talks. 'We will take the relationship with India one step at a time,' she said Thursday. 'That timeline will be steady, not immediate.' This report by The Canadian Press was first published July 12, 2025.

Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.
Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.

Globe and Mail

time6 hours ago

  • Globe and Mail

Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.

Mogo Inc. ('Mogo' or the 'Company') (NASDAQ: MOGO; TSX: MOGO), a Canadian fintech on a mission to build the future of intelligent finance, empowering consumers to grow wealth through innovative financial products and a capital strategy anchored by Bitcoin, today announced it has completed a strategic investment of approximately 9% in Digital Commodities Capital Corp. ('Digital Commodities') (CSE: DIGI; OTCQB: DGCMF). Digital Commodities is a publicly listed investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. These hard, non-fiat assets serve as the foundation of the company's treasury strategy and are intended to function as long-term reserves managed with discipline and transparency. 'We believe Digital Commodities is building something foundational, an asset-backed public company model built on Bitcoin and gold,' said Greg Feller, President & Co-founder of Mogo. 'That's a category-defining strategy we're excited to be aligned with as both operators and long-term believers in Bitcoin.' 'We're equally excited to work with Brayden Sutton and his team, who bring deep conviction, vision, and expertise to this emerging asset class,' added Greg Feller. Digital Commodities' model is inspired by sound money principles and designed to offer public market investors access to the two most enduring stores of value in history, without dilution through operating businesses or speculative diversification. Mogo's investment reinforces the company's momentum and positions it to scale its hard asset balance sheet model in public markets. Mogo's $1 million investment was made as part of Digital Commodities' non-brokered private placement and consisted of a subscription for 13.3 million units priced at $0.075 per unit. Each unit of Digital Commodities consists of one common share and one warrant to purchase a common share exercisable at $0.10. This investment will be held alongside Mogo's other crypto-related investments, including its minority stake in Gemini, further advancing its strategic exposure to Bitcoin and the broader digital asset ecosystem. This also supports Mogo's broader vision as a dual-compounding platform, combining a high-growth fintech operating business with a strategic Bitcoin treasury. Earlier this month, Mogo announced board authorization to allocate up to $50 million to Bitcoin, reinforcing its long-term conviction in hard assets as the cornerstone of capital preservation and growth. About Mogo Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Digital Commodities is a public investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. The Company's mission is to establish a hard, non-fiat asset base and manage it with discipline, leveraging these assets as functional reserves in pursuit of long-term value creation. All capital decisions are guided by a sound money philosophy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store