The government of South Korea keeps working on the maintenance of the aviation industry as a way to help the local economy. Authorities now announced a series of new measures to be implemented in the home of Jeju Island, one of the New 7 Wonders of Nature.
The local government is committed to strengthening the competitiveness of national airlines with an ease in aviation laws and regulations. One of the novelties pointed out during the announcement is that “airport slots that are not in use by foreign airlines will be temporarily allocated to domestic flights of Korean airlines to expand business opportunities”.
In an official statement the Ministry of Land, Infrastructure and Transport determined that “in order for the restructuring of airlines to improve consumer convenience and contribute to the development of the aviation industry, MOLIT supports the smooth [execution of] market restructuring process, such as overseas business combination examinations, and enables the strategic use of air traffic rights and airport slots between airlines”.