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Corporation
koreanair.com

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Investments

1

Portfolio Exits

1

Partners & Customers

10

About Korean Air

Korean Air (KRX: 003490) is a South Korean airline under the Hanjin Kal group.

Korean Air Headquarter Location

South Korea

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Latest Korean Air News

FTC Likely to Approve Korean Air-Asiana Airlines Merger Conditionally

Oct 15, 2021

FTC Likely to Approve Korean Air-Asiana Airlines Merger Conditionally Share FTC Likely to Approve Korean Air-Asiana Airlines Merger Conditionally By Jung Suk-yee × The Fair Trade Commission is expected to conditionally approve the business combination between Korean Air and Asiana Airlines. The Fair Trade Commission (FTC) is expected to conditionally approve the business combination between Korean Air and Asiana Airlines. Some of the two airlines’ exclusive routes are likely to be distributed to foreign airlines, not Korean low-cost carriers. Industry watchers say that it is difficult to expect the FTC to judge that the business combination between the two airlines does not restrict competition. Since the combination is between No. 1 and No. 2 players, monopoly and oligopoly problems will inevitably arise no matter how the merger is analyzed. "The FTC officials who are reviewing the proposed merger say that certain measures should be taken to address competition restrictions," said Cho Sung-wook, chairman of the FTC. To ensure that the merger does not restrict competition, measures to ease such restrictions must be implemented before endorsing the merger. When Korean Air and Asiana are combined, they will monopolize some routes. If other airlines take them, it can partially ease competition restrictions. Redistributed routes are likely to go to foreign airlines because it is questionable whether Korean low-cost carriers have the ability to operate international long-distance routes. Industry analysts say that it is difficult for Korean low-cost carriers to receive distributed routes in light of the aircraft fleet they operate. In addition, many of Korea's low-cost carriers have equity ties with Korean Air and Asiana Airlines. Jin Air, Air Busan, and Air Seoul are subsidiaries of either of the two companies. The FTC cannot give the redistributed routes to their subsidiaries. However, Jeju Air and T'way Air have no equity relationship with the two, so it is theoretically possible for these two low-cost carriers to take over the redistributed routes. Target routes will be some of the Korea-America and Korea-Europe routes used by Korean Air and Asiana Airlines. Some analysts say that the FTC may believe that no competition restrictions occur with regard to domestic routes because there are many low-cost carriers that offer services on them. POPULAR

Korean Air Investments

1 Investments

Korean Air has made 1 investments. Their latest investment was in Czech Airlines as part of their Corporate Minority on March 3, 2013.

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Korean Air Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/13/2013

Corporate Minority

Czech Airlines

$3.4M

Yes

1

Date

3/13/2013

Round

Corporate Minority

Company

Czech Airlines

Amount

$3.4M

New?

Yes

Co-Investors

Sources

1

Korean Air Portfolio Exits

1 Portfolio Exit

Korean Air has 1 portfolio exit. Their latest portfolio exit was Czech Airlines on October 06, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/6/2017

Corporate Majority

1

Date

10/6/2017

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

1

Korean Air Acquisitions

1 Acquisition

Korean Air acquired 1 company. Their latest acquisition was Asiana Airlines on November 16, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/16/2020

Corporate Majority - P2P

$991

Acq - Pending

8

Date

11/16/2020

Investment Stage

Corporate Majority - P2P

Companies

Valuation

$991

Total Funding

Note

Acq - Pending

Sources

8

Korean Air Partners & Customers

10 Partners and customers

Korean Air has 10 strategic partners and customers. Korean Air recently partnered with SK Energy on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/6/2021

Vendor

SK Energy

South Korea

Korean Air partners with SK Energy to adopt carbon-neutral jet fuel

Korean Air has partnered with SK Energy to introduce carbon-neutral jet fuel to actively counter climate change .

2

7/2/2021

Partner

Hyundai Oilbank

South Korea

1

6/9/2021

Vendor

Swit

United States

Josh Lee says , `` We are grateful that Swit Technologies Inc can partake in Korean Air 's Digital Transformation across 43 countries , 120 cities , and 158 aircraft , to innovate its employee communication and remote collaboration through cloud and mobile experience improvements , '' and comments that , `` Swit Technologies Inc will continue to ensure top-level services in usability , stability , security , and performance . ''

1

2/2/2021

Vendor

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10

1/25/2021

Partner

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10

Date

9/6/2021

7/2/2021

6/9/2021

2/2/2021

1/25/2021

Type

Vendor

Partner

Vendor

Vendor

Partner

Business Partner

SK Energy

Hyundai Oilbank

Swit

Country

South Korea

South Korea

United States

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News Snippet

Korean Air partners with SK Energy to adopt carbon-neutral jet fuel

Korean Air has partnered with SK Energy to introduce carbon-neutral jet fuel to actively counter climate change .

Josh Lee says , `` We are grateful that Swit Technologies Inc can partake in Korean Air 's Digital Transformation across 43 countries , 120 cities , and 158 aircraft , to innovate its employee communication and remote collaboration through cloud and mobile experience improvements , '' and comments that , `` Swit Technologies Inc will continue to ensure top-level services in usability , stability , security , and performance . ''

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Sources

2

1

1

10

10

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