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South Korea Fair Trade Commission extends review of Korean Air–Asiana Airlines merger media reports
July 6th 2021
South Korea's Fair Trade Commission (FTC) has extended its review of Korean Air's (KAL) proposed merger with Asiana Airlines, the Business Korea website has reported. Read More » It cited the FTC's extension to October of a contract with a consulting company that conducted economic analysis and research on the deal. The contract had been due to expire in June. "The extension of the review period is intended to take a closer look at concerns about higher fares and a reduction in consumer benefits due to a monopoly," the Business Korea report said. KAL, which hopes to complete its merger with Asiana by 2024, finalised its post-merger integration (PMI) plan last week.
