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Korean Air-Asiana merger gets final regulatory fine-tuning in South Korea

By Jenny Lee ( December 12, 2024, 03:00 GMT | Insight) -- Korean Air's acquisition of its smaller rival Asiana Airlines reached a pivotal moment today as South Korea's antitrust watchdog adjusted its merger requirements, marking the final regulatory step for the 1.8 trillion won ($1.3 billion) deal — the first consolidation between full-service carriers in the country. The Korea Fair Trade Commission said it has decided to make several modifications to its original 2022 remedy package to align with recent approvals from foreign competition authorities and reflect the post-pandemic aviation market recovery.Korean Air's acquisition of its smaller rival Asiana Airlines reached a pivotal moment today as South Korea's antitrust watchdog adjusted its merger requirements, marking the final regulatory step for the 1.8 trillion won ($1.3 billion) deal — the first consolidation between full-service carriers in the country....

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