No, because that would defeat the whole purpose of the transaction. With deals like this the goal is to bolster the acquirer's market position, not to prop up a rival airline and its membership in a competing alliance. The only way this transaction makes sense is to eventually fold Asiana into Korean.

There have been plenty of deals in which one airline invests in another as a going concern, but this has always been a foreign carrier acquiring a stake in another airline. I can't think of any transaction in which an airline has bought a local direct competitor and kept it intact. Air Canada didn't with Canadian, United didn't with Continental, American didn't with USAirways.