Korean Air will complete the integration of Asiana Airlines on December 17.

Glonghui, May 15 — Korean Air announced on May 15 that it will complete the integration with Asiana Airlines on December 17, 2026, thereby concluding a corporate merger process lasting more than five years. The boards of directors of both companies approved the merger agreement on May 13, and the agreement was officially signed on May 14. According to the merger agreement, Korean Air will fully assume Asiana Airlines’ assets, liabilities, employees, and related rights and obligations. The merger ratio, calculated based on the benchmark market price stipulated by South Korea’s capital market regulations, is set at “1 share of Korean Air : 0.2736432 share of Asiana Airlines.” Korean Air's capital is expected to increase by approximately KRW 101.7 billion.