UK’s CMA needs more time to contemplate Korean Air-Asiana merger

In a new twist to the Korean Air Asiana merger, the UK’s Competition and Markets Authority (CMA) has requested an additional two months to make a decision. Previously the regulator had noted that the merger would reduce competition and that it needs more time to consider undertakings offered by the airline. The regulator was due to make a decision on January 26, 2023. However, the CMA instead said that it was unable to reach to a decision on the acceptance of undertakings and has now extended its time until March 23, 2023. “It will not be possible to reach a