| |

KDB Industrial Bank Plans Hanjin KAL Stake Sale Post Merger

ByAdmin

KDB Industrial Bank, a leading South Korean state-owned financial institution, has confirmed its intention to divest its 10.58% equity stake in Hanjin KAL, the parent company of Korean Air, once the pending merger between Korean Air and Asiana Airlines reaches its conclusion. The earliest timeline for this divestment is projected to be late 2026, depending on regulatory approvals and finalization of the…

|

Korean Air CEO to Be Promoted After Merger

ByAdmin

Korean Air CEO Woo Kee-hong is set to be promoted to vice chairman upon the completion of Korean Air’s corporate merger with Asiana Airlines. This promotion highlights the strategic importance of the merger, which aims to consolidate the two major South Korean carriers into a globally competitive airline. The merger process has been closely monitored by industry analysts and…