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.
Korean Air Lines reached agreement with the Korea Development Bank (KDB) on how it will integrate Asiana Airlines into its operations.
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.
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.
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.
Korean Air Lines on Wednesday submitted a post-merger integration plan to the Korea Development Bank (KDB) for its acquisition of Asiana Airlines.
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.