Posted July. 12, 2010 12:46,
Airline mileage earned with Korean Air will remain valid for up to 10 years instead of five, and the portion of seats bookable with mileage will nearly double from the current average of four percent.
Fair Trade Commission Chairman Chung Ho-yul told The Dong-A Ilbo Friday, We have consulted with Korean Air since June last year to improve the airline mileage system, and agreed to extend the term of mileage validity and increase the portion of seats available for booking with mileage.
Korean Air will announce the measure this month, he said.
The carriers chief domestic rival Asiana Airlines will likely suit.
According to the commission and Korean Air, the validity period of mileage accrued from July 1, 2008, will be doubled from five to 10 years and mileage accumulated before then will have no expiration.
To ease polarization between conglomerates and small and medium-size companies, we will closely examine big companies to check whether they force suppliers to cut prices, Chung added.