Asiana Airlines held its first shareholders' meeting following its merger with Korean Air and appointed new board members. With this, Korean Air and Asiana Airlines have completed preparations to take off as a new integrated airline.

On the 16th, Asiana Airlines held a shareholders' meeting at its headquarters in Gangseo-gu, Seoul, to appoint inside directors. With the approval of this agenda, CEO Song Bo-young and Vice Presidents Cho Sung-bae and Kang Doo-seok were appointed as new inside directors. Outside directors appointed include Jang Min, Senior Research Fellow at the Korea Financial Research Institute, Choi Jun-seon, Honorary Professor at the School of Law, Sungkyunkwan University, and Kim Hyun-jung, Lawyer at the law firm Tomorrow Partners.

The newly appointed CEO, Song Bo-young, joined Korean Air in 1988 and has been recognized as an aviation expert with experience in various roles, including Head of the Passenger Business Division at the Korea Regional Headquarters, Moscow Branch Manager, and Head of the Americas Region. CEO Song is seen as the right person to lead the task of integrating "Korean Air's DNA" into Asiana Airlines, drawing on his expertise in the airline industry and passenger sales.

The newly appointed Vice Presidents, Cho Sung-bae and Kang Doo-seok, both held senior positions at Korean Air, with Cho overseeing the Materials and Facilities Division and Kang serving as the Head of Human Resources. Senior Research Fellow Jang Min is a finance expert, Honorary Professor Choi Jun-seon is a prominent scholar and an opinion leader in Korean society, and Lawyer Kim Hyun-jung is a legal professional.

As of the shareholders' meeting, Asiana Airlines had a total of 146,289 shareholders and 200,599,711 issued shares. Approximately 168,832,669 shares (81.96%) were voted, fulfilling the quorum required for the meeting. A total of 218 shareholders participated in person.

At the shareholders' meeting, Asiana Airlines CEO Won Yoo-seok served as the chairman. It is reported that CEO Won, who has led Asiana Airlines for the past two years, will transition to an advisory role.

CEO Won Yoo-seok expressed, "As the person responsible for the management during the period, I sincerely apologize for the circumstances that led the company to undergo the merger and acquisition (M&A) process."

He continued, "Regarding enhancing corporate value and shareholder value, after the formation of the integrated new airline, we will manage the company in a way that can significantly improve structural value. I will also make every effort not only to enhance shareholder value but also to ensure job security and provide value for our employees."

The recent executive appointments are expected to accelerate the formation of the integrated airline that will combine Korean Air, Asiana Airlines, and their respective low-cost carriers (LCCs). Both Korean Air and Asiana Airlines are focusing on launching the integrated airline with a strong foundation in safety and service. In particular, they are committed to ensuring the development and strengthening of South Korea's aviation industry and enhancing its competitiveness.

Meanwhile, the newly appointed CEO, Song Bo-young, did not attend the shareholders' meeting in person. However, it was reported that he began his first day at Asiana Airlines at 7:05 AM on the same day.

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