Korea Blocks Foreign Companies from Airline Joint Ventures
The South Korean government is barring foreign airlines from starting new joint venture operations with local companies.
South Korean airline T'way is one of five low-cost carriers that account for almost half of the country's domestic traffic. (Photo: Flickr Daniel Betts)
South Korean airline T'way is one of five low-cost carriers that account for almost half of the country's domestic traffic. (Photo: Flickr Daniel Betts)

The South Korean government has prohibited the country’s airlines from setting up low-cost joint-venture operations with foreign carriers. This week’s order from the Ministry of Land, Infrastructure and Transport (MLIT) came in response to demands by some local low-cost carriers (LCCs) that the domestic market deserves protection from foreign-backed competition.

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