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CeleryMan
Joined: 12 Apr 2007
Location: Seoul
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Moldy Rutabaga
Joined: 01 Jul 2003
Location: Ansan, Korea
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 Posted: Thu Mar 11, 2010 3:54 pm Post subject: |
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| Hear hear. It's time to break this duopoly up. It costs peanuts to fly within southeast asia with all the budget carriers, and way too much to get out of Korea. More competition is exactly what's needed. |
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thrylos
Joined: 10 Jun 2008
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| Posted: Mon Mar 29, 2010 4:20 pm Post subject: |
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Yeah, but their stock prices still went up. If the gov't decides to support them, all the fines they have to pay will just mean even more expensive tickets to use the duopoly.  |
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AsiaESLbound
Joined: 07 Jan 2010
Location: Truck Stop Missouri
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| Posted: Mon Mar 29, 2010 6:37 pm Post subject: |
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| So if the market is opened up to more carriers, it will not only function more efficiently, but it will be allowed to facilitate capacity to meet demand during high travel periods. (I.e. Buddha's Birthday weekend, late July/early August, and Chuseok.) |
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crossmr
Joined: 22 Nov 2008
Location: Hwayangdong, Seoul
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| Posted: Mon Mar 29, 2010 9:23 pm Post subject: |
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| Canada is the same. Its often cheaper to fly further to Asia or Europe than it can be to fly to some places in Canada. Air Canada and Westjet would often mysteriously have identical prices for all flights regardless of when you wanted to fly (that's recently changed, but for a few years they were never more than $1 apart on $700 fares) |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Tue Mar 30, 2010 5:09 am Post subject: |
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Korea is not a free market - not with all this protectionism going on.
Deal with it.
I am so happy to be going to a place where there is real competition around. |
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T-J
Joined: 10 Oct 2008
Location: Seoul EunpyungGu Yeonsinnae
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| Posted: Wed Mar 31, 2010 6:06 pm Post subject: |
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| tzechuk wrote: |
Korea is not a free market - not with all this protectionism going on.
Deal with it.
I am so happy to be going to a place where there is real competition around. |
And yet it does seem easier to save money here. |
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madoka
Joined: 27 Mar 2008
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| Posted: Sat Apr 03, 2010 12:11 pm Post subject: |
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| tzechuk wrote: |
Korea is not a free market - not with all this protectionism going on.
Deal with it.
I am so happy to be going to a place where there is real competition around. |
From Businessweek:
CARTELS RULE. These woes reveal the deceptive nature of the Hong Kong economy. Although it has many features of a free market, its power center is a group of cartels. Bankers set key interest rates among themselves. A small band of property developers divided most of the spoils during the price runup from 1986 until 1997. Pegging the currency to the U.S. dollar fueled the boom by keeping financing costs low. And companies from bus lines to electricity producers, through cozy deals with the government, have kept prices high. |
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southernman
Joined: 15 Jan 2010
Location: On the mainland again
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| Posted: Sun Apr 04, 2010 10:59 pm Post subject: |
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| T-J wrote: |
| tzechuk wrote: |
Korea is not a free market - not with all this protectionism going on.
Deal with it.
I am so happy to be going to a place where there is real competition around. |
And yet it does seem easier to save money here. |
+1 In almost three years I've only heard of 2 people who hadn't saved money here, some people a lot of money....
But its good news that the airline cartel has been hopefully stopped, it should just make travelling throuhout south east asia that much cheaper |
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