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Edison's bid for SsangYong gets KCGI support

A domestic private equity fund has joined a bid to acquire cash-strapped SsangYong Motor.

2021-08-09

KCGI gang disbands after failing to change Hanjin KAL

A consortium that includes Hanjin KAL's largest shareholders and controls more that 40 percent of the company has called it a day, the group no longer coordinating to effect a boardroom coup.

2021-04-02

No layoffs or monopoly concerns, Korean Air promises

A mega carrier with 28,000 employees will emerge intact and under one name from the Korean Air Lines purchase of Asiana Airlines, the CEO of the acquirer promised.

2020-12-02

Asiana takeover clear for takeoff as court rejects KCGI

A court has rejected a request that would have stopped the Korean Air Lines takeover of Asiana Airlines dead in its tracks.

2020-12-01

Hanjin KAL slams largest shareholder, accusing it of peddling lies

Hanjin KAL has blasted its largest shareholder for objecting to the acquisition of Asiana Airlines by Korean Air Lines, which is 29.27 percent owned by Hanjin KAL.

2020-11-25

KDB warns those who question its Korean Air investment

Korea Development Bank (KDB) insists that it is not investing in Hanjin KAL to support the interests of Chairman Cho Won-tae, and added that it will take action against those who suggest otherwise.

2020-11-23

Korean Air-Asiana deal is already getting FTC scrutiny

Korea’s grand plan for a mega flag carrier is hitting more roadblocks, with regulators frontloading scrutiny and already saying that the proposed entity might run afoul of competition law.

2020-11-22

[Shortcut] Airline deal of the century

What are Korean Air Lines and Asiana Airlines?

2020-11-22

Cho dodges tough Korean Air questions, offers bromides

Following a barrage of criticism from lawmakers and shareholders about the acquisition of Asiana Airlines by Korean Air Lines, Hanjin KAL Chairman Cho Won-tae offered only a few clipped and incomplete responses to questions regarding monopoly

2020-11-18

Korean Air acquiring Asiana with government money

Korean Air Lines, the country’s largest carrier, will acquire cash-strapped rival Asiana Airlines with the help of the state-run Korea Development Bank (KDB).

2020-11-16

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