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Walter Cho (Cho Won-tae)

Chairman and CEO, Hanjin Group and Korean Air

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Cho has emphasized integrating Asiana in a way that 'respects both companies' cultures,' citing the carriers' long rivalry.

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Korean Air absorbs Asiana to form South Korea's sole flag carrier

Money Moves

Leading the integration

South Korea has had two full-service international carriers since 1988. On December 17, 2026, it will have one. Korean Air confirmed May 26 that on that date it will absorb Asiana Airlines' fleet, staff, routes, and operating certificate, retiring the Asiana brand after 38 years.

Updated 1 hour ago