Fair Trade Commission Completes Review of Korean Air’s Acquisition of Asiana Airlines Shares

Korean Air KE HL8351 737MAX 737-8MAX

The Fair Trade Commission has completed its review of Korean Air’s acquisition of Asiana Airlines shares and has notified that it will not issue an exclusion order.

Korean Air filed a pre-notification consultation with the Fair Trade Commission in January 2021 and had been under review. The Fair Trade Commission concluded that, assuming the measures proposed by Korean Air are implemented, “it cannot be said that competition in certain trading areas would be substantially restricted.”

Korean Air will rectify market share monopolization by transferring slots for seven routes between Sapporo/Chitose, Nagoya/Chubu, Osaka/Kansai, Fukuoka to Seoul/Incheon, and between Sapporo/Chitose, Osaka/Kansai, Fukuoka to Busan. Even after the transfer of slots, support will be provided in ground services and other areas to complement the competitiveness of the transferees.

The acquisition of Asiana Airlines shares by Korean Air necessitates the completion of competition law reviews in 14 countries and regions. With this, reviews have been completed in 12 countries, including Japan, leaving only the United States and the European Union (EU).

This article was generated using automatic translation by GPT-4 API.
The translation may not be accurate.