Korean Air’s president, Woo Kee-hong, vowed there would be no layoffs as a result of its takeover of Asiana Airlines as it had no plans to “reduce supply.”
The two South Korean national flag carriers collectively has 28,000 staff members, with 90 percent to 95 percent of them directly employed.
The share price of Asiana had been on the rise since the announcement of the Korean Air takeover.
Korean Air is scheduled to seek a review of the acquisition by authorities in foreign countries by mid-January and would draw up a comprehensive plan by March 17.
The company also has plans to combine three existing budget airlines, Jin Air, Air Seoul, and Air Busan, to form a mega international low-cost carrier, to be operated by a separate corporation.
The airline’s president said they would continue the acquisition process despite possible legal battles ahead.


Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
Instagram Outage Disrupts Thousands of U.S. Users
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 



