- Information Center
- Investment News
South Korea and Myanmar have agreed to fully liberalize air transportation
between the countries, meaning all airlines, including low-cost carriers, may
begin providing services, the Seoul government said Tuesday.
The agreement came at the Korea-Myanmar aviation talks held in Seoul on Monday and Tuesday.
"The countries agreed to remove the limit on the number of airline companies providing services between the two countries," the Ministry of Land, Transport and Maritime Affairs said in a press release.
Until now, two airlines from each side were allowed to provide passenger services between the two countries, but in reality, only South Korea's flag carrier Korean Air offers four flights per week to and from Yangon, Myanmar's former capital.
"With the removal of the cap on the number of flights to and from Myanmar, various new services with better prices and flight schedules may be introduced to the route, significantly improving the convenience for consumers," the ministry said.