IBM (NYSE: IBM) in Korea announced that it has renewed a ten-year outsourcing agreement with Korean Air, one of the leading airlines in Asia Pacific. Under the agreement, signed in December 2008, IBM will manage the data center for Korean Air for the next ten years.

British Airways PLC and Korean Air Lines Co. LTD. agree to plead guilty and pay criminal fines totaling $600 million for fixing prices on passenger and cargo flights.