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Korean Air-Asiana deal under KFTC review for potential remedy adjustments

By Jenny Lee ( November 29, 2024, 04:25 GMT | Insight) -- Korean Air's proposed acquisition of Asiana Airlines faces additional regulatory steps as the South Korean competition watchdog reviews whether to adjust its remedies following the EU's final approval of the deal yesterday. The Korea Fair Trade Commission is currently analyzing decisions from foreign authorities, including the European Commission's recent approval, to determine if modifications to its original conditions from February 2022 are necessary, MLex has learned.Korean Air's proposed acquisition of Asiana Airlines faces additional regulatory steps as the South Korean competition watchdog reviews whether to adjust its remedies following the EU's final approval of the deal yesterday....

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