Korea Development Bank
On 16 November 2020, the Government of the Republic of Korea officially announced that Asiana Airlines will be acquired by Korean Air. Korean Air will acquire a 30.77% stake in Asiana from Korea Development Bank. Korea Development Bank, a state-run bank in Korea, will give 800 billion won to Hanjin KAL, the holding company of Korean Air. The two airlines will operate as separate brands until integration is complete. The Ministry of Land, Infrastructure and Transport will integrate subsidiaries Air Busan, Air Seoul and Jin Air. The combined low-cost carrier will focus on regional airports in Korea and flying regional Asia-Pacific routes. It is unknown when Asiana Airlines will withdraw from Star Alliance, as the surviving brand, Korean Air, is a founding airline within the rival SkyTeam alliance.