The Asiana Airlines takeover may be back on track as the buyer indicated that it was open to a face-to-face meeting with the seller, which enthusiastically welcomed to overture.
On Monday, Korea Development Bank (KDB) accused Hyundai Development Company (HDC) of being uncooperative and unwilling to communicate.
All ways to keep cash-strapped Asiana Airlines afloat are being considered including nationalization, according to Financial Services Commission Vice Chairman Sohn Byung-doo.
Hours after Jeju Air made its announcement, Eastar Jet said it can't scrap the deal without violating a stock purchase agreement signed by the two parties in March.
Jeju Air abandoned its acquisition of cash-strapped Eastar Jet, saying its shareholders didn’t think it was a good idea.
Jeju Air claimed Thursday it now has the legal right to call off its acquisition of debt-laden Eastar Jet, a move that would not only likely doom Eastar but may also bring into question the acquisition of Asiana Airlines.
Eastar Jet and Jeju Air continue going around in circles as they trade claims and counterclaims and get no closer to a resolution.
Jeju Air expressed frustration with Easter Jet, saying that the acquisition target needs to hold up its side of the bargain and stop leaking details of confidential conversations between the two companies.
President Moon Jae-in’s administration is expected to come up with its 22nd set of measures to control soaring real estate prices. The measures are focused on raising rates of the comprehensive real estate tax, transfer tax and...
The acquisition of Eastar Jet was brought further into doubt as the cash-strapped buyer of the airline failed for a second time in almost two weeks to deliver a list of key appointments.