South Korea FTC to complete review of Korean Air-Asiana Airlines acquisition by the end of 2021

    South Korea‘s Fair Trade Commission (FTC) plans complete the process of reviewing Korean Air‘s request to acquire a majority stake in Asiana Airlines for KRW1.8 trillion (USD1.5 billion) and subsequently merge the two airlines by the end of 2021 (Yonhap News/The Korea Herald/Korea JoongAng Daily, 05-Oct-2021). Korean Air is also still awaiting regulatory approval from antitrust authorities in the US, the EU, China and Japan.

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