Last month，South Korea Korean Air announced its specific plan to acquire Asiana 188bet Co., Ltd.。For this scheme，The Korean government expresses support，To complete the structural adjustment of South Korea’s civil aviation industry。But，KCGI, a Korean private equity firm as a relevant party, raised objections。Recently，The complaint filed by KCGI was dismissed by the Seoul Central District Court。This is it，Some Korean media analyzed that，The biggest obstacle to Korean Air’s acquisition of Asiana 188bet has been cleared。

Asiana 188bet is one of the two "giants" of Korean 188bet，But his life has not been easy in the past ten years。

As understood，Asian 188bet is part of Kumho Asiana Group。Before and after the US subprime mortgage crisis，Kumho Asiana Group once acquired Daewoo Construction Company，But this move directly caused financial difficulties for Kumho Asiana Group，In business difficulties，And affects Asiana 188bet。Asiana 188bet was forced to close a large number of hardware facilities，To save costs。After，Asiana 188bet has taken a series of measures，On the one hand, sell assets，Reduce debt ratio；On the other hand, we purchased new models to expand our business，And set the normalization of operations by the end of 2018 as a corporate goal。

Unexpectedly，In 2018, Asiana 188bet was involved in the in-flight meal controversy，And trigger the "butterfly effect"。At first，The problem is only that the factory that supplies meals to Asiana 188bet failed to provide meals in time due to a fire，But it later turned out to be the suicide of the contractor leader、Korean media revealed a series of incidents including concealing information from passengers regarding meal service and delayed departures，Causing a lot of burden to Asiana 188bet。

Should say，Asiana 188bet’ efforts have indeed achieved some results，But still unable to get out of the predicament。December last year，Asiana 188bet continues to suffer huge losses，Gross profit is -871.9 billion won，Debt ratio crosses the red line，Up to 1386.7%。And，Their business development is also unsatisfactory，The short and medium route business has been severely squeezed by low-cost 188bet。

Over a long period of time，Korean Civil Aviation once maintained the "two strong" structure jointly led by Korean Air and Asiana 188bet。However，2004 to 2010，Many low-cost 188bet have been established。Low-cost 188bet compete with each other except themselves，Also trying to get a piece of the pie from the "two strong"。Korean Air and Asiana 188bet are not to be outdone，Join "Fighting"。The melee for years has begun，Korean civil aviation enters the era of "two superpowers and multiple powers"。

Years of attrition wars have put 188bet under great pressure，Finally some 188bet couldn’t hold on anymore。This year’s new coronavirus outbreak，A major blow to 188bet。

Korean Air acquires Asiana 188bet，The "two powers" merged to become the "Big Mac"，The Korean civil aviation situation will undergo major changes。First，Korean Air has 173 aircraft，Asiana 188bet has 86 aircraft。The two companies will have 259 aircraft after the merger，Sales will reach 15 trillion won，The scale of the company will rank among the top ten 188bet in the world，With the number of aircraft, it will also enter the ranks of the world's top 188bet。Secondly，Industry competition reshuffled，Korean Air, Asiana 188bet and their respective low-cost 188bet Jin Air、Air Busan、Air Seoul will become “one family”。Basically the only domestic competitors left are two low-cost 188bet, Jeju Air and Tulway Air。Third，January to October this year，Korean Air、Asian 188bet and its subsidiaries carry 59% of South Korea’s air passenger traffic and 69%.7% of air cargo volume，Among them，中、美、The transportation volume of popular routes such as Japan is larger。After merger，It will take the lead in air transportation in South Korea。Fourth，Korean Air’s parent company is Hanjin Group，The core business is logistics。Korean Air’s acquisition of Asiana 188bet means that Hanjin Group is expected to further integrate South Korea’s land and air transportation，Excellent in logistics。

In South Korea，There is a precedent for the industry leader to "eat" the second-ranked player in the industry。For example，Hyundai Motor acquires Kia、Hyundai Heavy Industries acquires Daewoo Shipbuilding & Marine Engineering, etc.。Although Korean Air will still face airline route consolidation in the future、Whether to lay off employees、A series of domestic antitrust issues in South Korea，But for now，Korean Air’s acquisition of Asiana 188bet，Enterprise is interested，Government support，No obstacles，It is the general trend。Another industry in South Korea will usher in the "one dominant company" pattern。

*Source of this article: China Economic Network, author: Bai Yunfei, original title: "South Korea’s civil aviation industry 188bet embrace the “one dominant company” pattern》.