Economy

Korean Air to Buy Rival Asiana Airlines in 1.8 Trillion Won Deal

Written: 2020-11-16 15:06:34 / Updated: 2020-11-16 19:10:16

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KCGI Opposes Hanjin KAL's Capital Increase Plan to Buy Asiana

Changes to Air Routes, Workforce to be Minimal after Korean Air's Acquisition of Asiana

Economy

Gov't Stresses Korean Air's Planned Takeover of Asiana Airlines 'Inevitable'

Written: 2020-11-16 12:59:08 / Updated: 2020-11-16 15:13:33

The South Korean government stressed that Korean Air's planned takeover of Asiana Airlines was inevitable to help the country's airline ...

Economy

Legal Maximum Interest Rate to be Lowered to 20% in 2021

Written: 2020-11-16 11:53:14 / Updated: 2020-11-16 16:37:35

Starting in the second half of 2021, the legal maximum interest rate imposed by lenders in South Korea will be lowered from an annual 24 percent to ...

Economy

KDB to Inject 800 Bln Won for KAL's Acquisition of Asiana

Written: 2020-11-16 11:16:28 / Updated: 2020-11-16 12:10:33

The Korea Development Bank(KDB) will inject 800 billion won for the acquisition of Asiana Airlines by Korean Air(KAL).  The government reached ...

Economy

IMF Predicts S. Korea to Climb Back to 10th in GDP Rankings

Written: 2020-11-15 12:21:58 / Updated: 2020-11-15 14:24:23

The International Monetary Fund (IMF) has projected that South Korea's gross domestic product (GDP) will climb up two notches to rank tenth in the ...

Economy

Green Climate Fund Approves New Global Projects

Written: 2020-11-14 14:11:21 / Updated: 2020-11-14 14:19:11

Seoul's Finance Ministry says the South Korea-based Green Climate Fund has approved 16 projects worth some one billion dollars that will ...

Economy

Korean Air: Taking Over Asiana Airlines Under Consideration

Written: 2020-11-13 18:31:31 / Updated: 2020-11-13 18:53:40

Korean Air has acknowledged that it is considering an acquisition of rival Asiana Airlines.  The nation’s largest carrier on Friday issued ...

Economy

'Korean Air's Reported Bid to Buy Asiana to be Made Official Soon'

Written: 2020-11-13 17:59:46 / Updated: 2020-11-13 18:01:18

Government officials and industry sources in South Korea say that the reported bid by the nation’s largest airline to buy its largest domestic rival ...

Economy

KOSPI Ends Friday Up 0.74%

Written: 2020-11-13 15:40:28 / Updated: 2020-11-13 16:47:27

The benchmark Korea Composite Stock Price Index(KOSPI) rose 18-point-25 points, or zero-point-74 percent, on Friday, ending the week at two-thousand-493-point-87. The ...

Economy

KCGI Opposes Hanjin KAL's Takeover of Asiana Airlines

Written: 2020-11-13 15:13:26 / Updated: 2020-11-13 15:26:39

A private equity fund in conflict with Hanjin Group Chairman Cho Won-tae over management rights has expressed negative views on reports that Hanjin ...