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Regulator to accelerate review of Korean Air – Asiana merger
Korea’s competition regulator said it will speed up the review of the Korean Air- Asiana Airlines merger.
Korean Air agreed a deal to acquire a 63% stake in Asiana in November 2020. The Fair Trade Commission said in it will ‘swiftly and closely ‘complete a review of the takeover deal.
FTC vice-chief Kim Jae-shin said a decision is likely by February. It is expected to be approved with conditions and would make the merged airline the world’s 10th largest.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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