NewzSouth Korea's antitrust watchdog has approved the state railway operator KORAIL's takeover of SR, the operator of the SRT high-speed train service. The decision was announced by Yonhap English on Sunday, August 2.
The approval clears a major regulatory hurdle for the consolidation of the country's high-speed rail operators under KORAIL, which historically held a monopoly before SR was spun off to introduce competition into the rail sector.
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