Facing harsh criticism from two ministers, KE has indefinitely delayed the impending devaluation and will spend the next few months coming up with an "improved" new Skypass plan. According to industry insiders, it will likely keep the distance-based redemption structure but will tone down the devaluation of existing miles. Since they were claiming to offset the devaluation by awarding bonus miles to elites and high revenue passengers in the previously announced "New Skypass" plan, my personal guess is that they will have to reduce the mileage accrual rate across the board in order to match a lower redemption rate, but existing miles will not be devalued as badly.

Article in Korean: https://www.chosun.com/economy/indus...FGLPMJQQHKMPE/