Korea Development Bank
In March 2021, Korean Air announced they will delay the M&amp;A with Asiana Airlines due to delay of antitrust approval from the Government and six foreign authorities (the United States, China, Japan, Vietnam, Taiwan and Thailand). Korean Air will operate Asiana Airlines as a subsidiary for next two years, after which they will combine their operation, IT and other systems into single system until 2024. Once the M&amp;A is complete, Asiana Airlines could become a member of SkyTeam. According to The Korea Times, only Turkey has approved the antitrust deal so far. On June 30, 2021, it was reported that the post-merger plans between two airlines have been finalized and approved by Korea Development Bank.