The Ministry of Commerce of the People’s Republic of China (MOFCOM) announced its approval of Korean Air’s business combination with Asiana Airlines on December 26.
MOFCOM has demanded that the merged Korean Air-Asiana entity reduce its market share due to competition concerns, to which Korean Air has submitted remedies proposing to transfer slots to any new airlines wishing to start air services on nine routes where both Korean Air and Asiana Airlines operate. Five of the nine routes have been proposed by the Korea Fair Trade Commission (KFTC) earlier this year and an additional four routes have been advised by MOFCOM.
Korean Air expects MOFCOM’s approval of the business combination to play a positive role in the review process of the remaining competition authorities.
Participants discussed the boundary between nature and ecotourism, whether mass visits to unique areas can remain safe, the responsibilities of investors, and how to prepare tourists for visiting specially protected natural areas.
The head of state expressed confidence that the Forum will be held at a high level, and that its results will contribute to the development of tourism in Russia and the expansion of humanitarian and business ties.
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