
Korea’s competition regulator stated 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 Korea Fair Trade Commission (KFTC) stated it will “swiftly and closely” complete a review of the takeover deal.
KFTC 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.
“We expect the KFTC to hold a deliberation session to make a decision in January or February,” Kim Jae-shin, vice chief of the regulator, told a press briefing.
The Commission recently sent a report to Korean Air, which a company official said detailed conditions for approval of the takeover.
Korean Air said it was closely reviewing the commission’s report. The flagship carrier will have four weeks to review it, according to the regulator.
If approved, the takeover is expected to reshape the country’s airline sector that has been reeling from the fallout of the COVID-19 pandemic.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Meta Begins Defense After FTC Concludes Case in Landmark Antitrust Trial
May 15, 2025 by
CPI
UK Data Bill Still No Closer to Passage As Parliamentary ‘Ping-Pong’ Drags On
May 15, 2025 by
CPI
Regeneron Pharmaceuticals Awarded $271.2M in Damages Against Amgen
May 15, 2025 by
CPI
FTC Chair Proposes 15% Staff Reduction Amid Budget Constraints
May 15, 2025 by
CPI
UK Urges Antitrust Watchdog to Prioritize Growth and Clarity in Business Regulation
May 15, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Healthcare Antitrust
May 14, 2025 by
CPI
Healthcare & Antitrust: What to Expect in the New Trump Administration
May 14, 2025 by
Nana Wilberforce, John W O'Toole & Sarah Pugh
Patent Gaming and Disparagement: Commission Fines Teva For Improperly Protecting Its Blockbuster Medicine
May 14, 2025 by
Blaž Višnar, Boris Andrejaš, Apostolos Baltzopoulos, Rieke Kaup, Laura Nistor & Gianluca Vassallo
Strategic Alliances in the Pharma Sector: An EU Competition Law Perspective
May 14, 2025 by
Christian Ritz & Benedikt Weiss
Monopsony Power in the Hospital Labor Market
May 14, 2025 by
Kevin E. Pflum & Christian Salas