Who owns Air Busan?
Air Busan is not wholly owned by any single company recorded here: Korean Air (South Korea, KRX: 003490) holds a 41.91% stake.[1]
Evidence: Korean Air Lines Registration Statement (Debt securities), including semi-annual consolidated report, 18 September 2025, Financial Supervisory Service (DART), 18 September 2025. Last checked .
Key facts
- Largest stakeholder
- Korean Air Lines Co., Ltd. (41.91% stake) reported
- Headquarters
- 🇰🇷 South Korea, Seoul
- Origin
- 🇰🇷 South Korea, Busan
- Category
- Travel & transport › Airlines
- Parent ticker
- KRX: 003490
- Last verified
- · 1 sources
About Air Busan
Air Busan is a low-cost carrier based in Busan, consolidated by Korean Air as a principal subsidiary on a majority-of-voting-rights basis even though the group's recorded ownership is 41.91% at 30 June 2025. The September 2025 DART filing shows it was incorporated on 31 August 2007 and describes it as the leading carrier at Gimhae Airport by passengers, with 27.7% of the domestic and 28.8% of the international market in the first half of 2025.
Ownership timeline of Air Busan
Where Air Busan sits in Korean Air
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- Air Seoul
- Asiana Airlines (63.88%)
- Jin Air (54.91%)
- Korean Air
Open the full Korean Air ownership tree →
See the full Korean Air brand portfolio (4) →
Other brands owned by Korean Air
Korean Air controls 5 brands on Brandtree, 5 of them in travel & transport.
Also in travel & transport
Other brands in airlines, and who owns them
The 509 brands in airlines on Brandtree belong to 341 owners. The largest is Lufthansa Group, with 10; Korean Air has 4.
| Brand | Owner | Owner based in |
|---|---|---|
| Air Dolomiti | Lufthansa Group | 🇩🇪 Germany |
| China Southern Airlines | China Southern Airlines | 🇨🇳 China |
| Air China | Air China | 🇨🇳 China |
| Aer Lingus | IAG | 🇬🇧 United Kingdom |
| LATAM Airlines Brasil | LATAM | 🇨🇱 Chile |
| Air France | Air France-KLM | 🇫🇷 France |
| AirAsia | AirAsia X | 🇲🇾 Malaysia |
| Calm Air | Exchange Income | 🇨🇦 Canada |
About the owner: Korean Air
Korean Air is a publicly listed company headquartered in Seoul, South Korea, founded in 1962.
South Korean airline group headquartered in Gangseo-gu, Seoul and listed on the Korea Exchange main market since March 1966 under stock code 003490. Its September 2025 registration statement on DART says it was established in June 1962 as Korean Air Corporation (daehan hanggong gongsa) and moved from state to private ownership in March 1969, and that its largest shareholder is Hanjin KAL Corp. with 26.95% as of 17 September 2025. The same filing lists Asiana Airlines (63.88%), Jin Air (54.91%), Air Busan (41.91%) and Air Seoul (100%) as consolidated subsidiaries at 30 June 2025, and records that Korean Air became Asiana's largest shareholder in December 2024.
🇰🇷 Air Busan and other South Korean brands
Brandtree records a controlling owner for 185 brands that began in South Korea. 7 of them (4%) are now controlled by a company headquartered in another country; Air Busan is not one of them.
- Aero K — Aero K 🇰🇷
- Air Premia — Air Premia 🇰🇷
- Eastar Jet — Eastar Jet 🇰🇷
- HMM — HMM 🇰🇷
- Hanjin — Hanjin 🇰🇷
- Jeju Air — Jeju Air 🇰🇷
Frequently asked questions
Who owns Air Busan?
No single company recorded here owns Air Busan outright. Korean Air holds a 41.91% stake.
Does Korean Air control Air Busan?
No. A 41.91% holding does not give control, so Korean Air shares ownership with others.
Where did Air Busan come from?
Air Busan originated in South Korea, in Busan.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Korean Air Lines Registration Statement (Debt securities), including semi-annual consolidated report, 18 September 2025 — Financial Supervisory Service (DART), Stock exchange filing, published 18 September 2025; retrieved 4 October 2026.
Report a correction Opens a pre-filled GitHub issue. See our corrections policy.