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KDB chair criticizes FTC for delaying key mergers

The head of the Korea Development Bank (KDB) openly criticized the country's antitrust agency for its lack of support for the ongoing mergers of major Korean companies, such as the merger of Korean Air and Asiana Airlines.

2021-09-13

Korean Air Lines spells out plan to absorb Asiana

Korean Air Lines reached agreement with the Korea Development Bank (KDB) on how it will integrate Asiana Airlines into its operations.

2021-07-01

SsangYong Motor seeks buyer to bring an end to receivership

SsangYong Motor is on the block again, the troubled carmaker seeking a new owner to save the business and take it out of court receivership.

2021-06-27

HMM share price threatened by KDB's decision

HMM shares dropped more than 6 percent during intra-day trading on Tuesday following the Monday announcement by Korea Development Bank (KDB) that it would exercise its conversion rights for the company’s convertible bonds.

2021-06-15

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

Korean Air submits post-merger integration plan to KDB

Korean Air Lines on Wednesday submitted a post-merger integration plan to the Korea Development Bank (KDB) for its acquisition of Asiana Airlines.

2021-03-17

Dongbu-led group chosen as top Hanjin Heavy bidder

A consortium led by Dongbu was selected as the preferred bidder for Hanjin Heavy Industries & Construction Tuesday, according to Korea Development Bank (KDB).

2020-12-23

Korean Air and Asiana link check-in ahead of takeover

In a move both practical and possibly highly symbolic, Korean Air can now check you through if you are later connecting to an onward Asiana flight.

2020-12-15

Jeju Air to receive $29 million of government support

Jeju Air will receive 32.1 billion won ($29.49 million) of state funds tagged for the support of core industries, including airlines, Korea Development Bank (KDB) said Thursday.

2020-12-10

Labor says job promises unrealistic in Asiana takeover

Labor is skeptical about the no-layoffs promises being made in the complex acquisition of Asiana Airlines by Korean Air Lines, saying that the powers that be need to face reality.

2020-12-03

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