Tag: european commission

european commission

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Cargo is being loaded onto an Asiana Airlines aircraft. [ASIANA AIRLINES]

Jeju Air backs out of bidding for Asiana's cargo business

Korea's largest budget carrier withdrew from the bidding, which ended on Thursday as Korean Air inches closer to its merger with the No. 2 airline.

2024.4.25

Korean Air and Asiana Airlines planes are parked at Incheon International Airport on Nov. 2. [YONHAP]

EU to decide on Korean Air-Asiana merger by mid-February

European Union (EU) antitrust regulators set a deadline of Feb. 14 to decide whether to approve Korean Air's acquisition of its smaller rival, Asiana Airlines.

2023.12.7

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Korean Air merger review still on hold with EU

The evaluation of Korean Air's proposed acquisition of Asiana Airlines remains on hold due to "missing information" surrounding the merger. Korean Air submitted a remedy plan in May, and hopes to resume the evaluation shortly.

2023.11.16

Korean Air and Asiana Airlines planes parked at Incheon International Airport. [YONHAP]

Investigation into Korean Air acquisition of Asiana Airlines halted

European antitrust regulators have temporarily halted their investigation into Korean Air's proposed acquisition of Asiana Airlines after the county's largest carrier asked for a delay to prepare remedies addressing competition concerns.

2023.6.29

President Yoon Suk Yeol, center, European Council President Charles Michel, left, and European Commission President Ursula von der Leyen, right, pose for a commemorative photo ahead of the Korea-EU summit at the Yongsan presidential office in central Seoul on Monday. [JOINT PRESS CORPS]

Korea, EU strengthen green, digital and health partnerships

The leaders of Korea and the European Union (EU) agreed to strengthen partnerships to tackle challenges related to green transition, to better respond to global health crises and to advance digital cooperation in a bilateral summit on Monday.

2023.5.22

Korean Air Lines and Asiana Airlines planes parked at Incheon International Airport on Thursday. [YONHAP]

Setback for Korean Air in bid to acquire Asiana Airlines

Korean Air Lines' bid to acquire Asiana Airlines encountered a setback as the European Union (EU) antitrust regulators warned that the proposed merger could limit competition in both passenger and cargo air transport services.

2023.5.18

A Korean Air plane takes off at Incheon International Airport with an Asiana Airlines plane taxing behind. [YONHAP]

EU says Korean Air-Asiana merger could hinder competition

The European Union expressed concern about Korean Air's bid to acquire Asiana Airlines, saying competition within the airline industry could be hindered.

2023.5.18

A container ship built by Daewoo Shipbuilding and Marine Engineering docked at a port in Busan in 2020. [YONHAP]

EU vetoes Hyundai Heavy Industries-DSME merger

The acquisition of Daewoo Shipbuilding and Marine Engineering by Hyundai Heavy Industries fell apart as the European Union vetoed the merger of the two Korean shipbuilders, noting especially potential for domination in LNG vessel manufacturing.

2022.1.13

A Hyundai Heavy Industries Group container vessel. [HYUNDAI HEAVY INDUSTRIES GROUP]

EU resumes probe of KSOE-DSME merger

The European Union's antitrust regulator is resuming an investigation into a proposed merger of two Korean shipbuilders that it suspended last year.

2021.11.23

Chinese subsidiary sales drop 28% in 4 years since Thaad

Sales of Korean firms' Chinese units have tumbled nearly 28 percent over the past four years due to a bilateral row over the deployment of an advanced U.S. missile defense system here and other reasons, a corporate tracker said Wednesday.

2021.6.16