A consortium led by Dongbu was selected as the preferred bidder for Hanjin Heavy Industries & Construction Tuesday, according to Korea Development Bank (KDB).
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.
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.
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.
A court has rejected a request that would have stopped the Korean Air Lines takeover of Asiana Airlines dead in its tracks.
State-owned Korea Development Bank (KDB) proposed a meeting with Asiana Airlines labor unions to discuss Korean Air Lines' acquisition of Asiana Airlines.
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.
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.
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