Korean Air completed the acquisition of a 63.88% stake in Asiana Airlines for KRW1.5tn.

Korean Air, a flag carrier of South Korea, completed the acquisition of a 63.88% stake in Asiana Airlines, a South Korean airline, for KRW1.5tn. The acquisition represents a strategic milestone for Korea’s aviation industry. Korean Air will proceed to implement measures to strengthen the country’s aviation capabilities and enhance its competitive position in the global market.