Government of South Korea
On 16 November 2020, the Government of South Korea officially announced that Korean Air will acquire Asiana Airlines. Korea Development Bank, a state-owned bank, will provide 800 bilion won to Hanjin Group to help finance the merger between the airlines. The Ministry of Land, Infrastructure and Transport of the Republic of Korea will integrate subsidiaries Air Busan, Air Seoul and Jin Air to form a combined low-cost carrier which will operate focusing on regional airports in Korea.