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Market Chatter: Korean Air Faces Possible Prosecution Over Deleted Documents in Seat Capacity Probe

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Korean Air Lines (KRX:003490) could face prosecution after three of its employees are alleged to have deleted files and emails while the Fair Trade Commission was investigating its request for merger-related seat-capacity rules following its merger with Asiana Airlines, The Korean Times reported Thursday.

The regulator submitted a review report the same day recommending that Korean Air and the three employees be referred for prosecution over alleged obstruction of its investigation.

Following the submission, the full commission will review the case and make a final call after giving Korean Air and its employees an opportunity to submit their opinions and evidence, the report said.

Representatives for Korean Air could not be reached immediately byfor comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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