FTC approves KORAIL-SR merger…business plan prepared to enhance consumer rights

The Fair Trade Commission has formally approved Korail’s acquisition of SR’s business and shares as a corporate combination.

It said competition concerns in the high-speed rail passenger market are limited.

The FTC and the transport ministry will monitor fares, seat supply, and service plans for three years after the merger.

Korail proposed lower KTX fares, more seats, and an integrated mileage and discount program.

The high-speed rail market is moving into a de facto integration phase, with stronger consumer protection and regulatory oversight.