Fair trade watchdog approves KORAIL's takeover of SR

South Korea's antitrust watchdog on Sunday approved the takeover of SR Corp. by Korea Railroad Corp., saying the deal is unlikely to hinder competition in the transportation industry. The Fair Trade Commission said the decision came as KORAIL, as a state-run company subject to government oversight, is unlikely to abuse its market position or adversely affect consumers. KORAIL is a state-run railway operator whose trains mainly depart from Seoul Station, while SR is a company in which the governm