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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.
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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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