Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline

Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline

Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal t...

Korean Air bid to acquire Asiana faces challenges, activist opposition

Korean Air bid to acquire Asiana faces challenges, activist opposition

The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...

Korean Air, Asiana may merge MRO businesses after spin-off

Korean Air, Asiana may merge MRO businesses after spin-off

South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...

Parent of Korean Air seeks to buy rival Asiana Airlines

Parent of Korean Air seeks to buy rival Asiana Airlines

Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...

Hyundai Motor eyes entry into China’s hydrogen truck market, signs MOU

Hyundai Motor eyes entry into China’s hydrogen truck market, signs MOU

Hyundai Motor Co. has signed two initial agreements with several Chinese companies toward establishing business platforms for hydrogen trucks in China...

Hyundai Corp to rival China's CRCC in bid for $18 bn Ukrainian infra deal

Hyundai Corp to rival China's CRCC in bid for $18 bn Ukrainian infra deal

South Korea’s trading company Hyundai Corporation will face China’s Railway Construction Corporate (CRCC) in a bid to secure an $18 billio...

Why Korea struggles to manage the US, China

Why Korea struggles to manage the US, China

As the United States and China fight like proverbial whales in the ocean, middle power dolphins like South Korea must strategize to avoid being crushe...

US-China tensions push S. Korea to find middle way

US-China tensions push S. Korea to find middle way

The US and China trade disputes are unlikely to fade, whoever wins the Nov. 3 US presidential election, and South Korea needs to find a middle way bet...

China’s CATL poised to overtake LG Chem as top EV battery maker

China’s CATL poised to overtake LG Chem as top EV battery maker

Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...

Asiana Airlines converts A350 passenger jet into cargo carrier

Asiana Airlines converts A350 passenger jet into cargo carrier

South Korean airline Asiana Airlines Inc. has transformed its passenger aircraft A350-900 into a cargo carrier in a move to enhance its cargo operatio...

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...

Korean chipmakers rewrite China business strategy amid US trade ban

Korean chipmakers rewrite China business strategy amid US trade ban

South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...

Asiana again placed under creditor control; resale unlikely by year-end

Asiana again placed under creditor control; resale unlikely by year-end

Creditors of Asiana Airlines Inc. have decided to place the financially troubled carrier under their control after officially declaring the collapse o...

South Korean airlines convert passenger jets into cargo carriers

South Korean airlines convert passenger jets into cargo carriers

South Korea’s flag carrier Korean Air Lines Co. has converted its passenger plane Boeing 777-300ER into a cargo carrier to further boost ca...

Korean airlines zoom in on China routes, target transit passengers

Korean airlines zoom in on China routes, target transit passengers

South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...

Asiana deal botched as HDC rejects creditors’ latest offer

Asiana deal botched as HDC rejects creditors’ latest offer

HDC Hyundai Development Co.’s planned takeover of Asiana Airlines Inc. has fallen through as the preferred buyer renewed its request for further...

Online portal Naver steps up Europe startup investment against US, China

Online portal Naver steps up Europe startup investment against US, China

South Korea’s largest internet portal Naver Corp. has committed 110.4 billion won ($93 million) to two Europe-focused startup funds since late l...

KDB offers to ease HDC's financial burden in Asiana takeover as deal stalls

KDB offers to ease HDC's financial burden in Asiana takeover as deal stalls

State-run Korea Development Bank (KDB), the main creditor of Asian Airlines Inc., has unveiled proposals to ease the financial burden for HDC Hyundai ...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...

Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline

Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline

HDC Hyundai Development Co. has postponed its 2.5 trillion won ($2.1 billion) acquisition of Asiana Airlines Inc. with no clear timeline for the deal ...

IMM enters China’s infrastructure market with $40 mn investment

IMM enters China’s infrastructure market with $40 mn investment

IMM Investment Corp. has acquired a minority stake in China’s private water supplier for $40 million, in the first investment by a South Korean ...

HDC-Mirae Asset consortium takes majority in Asiana Airlines for $2.2 bn

A consortium of Hyundai Development Company (HDC) and Mirae Asset Daewoo Co. Ltd. has agreed to take a 76.5% stake in Asiana Airlines Inc. for 2.5 tri...

Mirae Asset consortium likely to clinch $2.1 bn Asiana Airlines deal

A consortium of Mirae Asset Daewoo Co. Ltd. and Hyundai Development Company (HDC) is set to be announced as a preferred buyer of a controlling stake...

Mirae Asset teams up with builder for $1.2 bn Asiana Airlines deal

Mirae Asset teams up with builder for $1.2 bn Asiana Airlines deal

Mirae Asset Daewoo Co. Ltd. has attracted Hyundai Development Company (HDC) as a strategic partner to bid for a controlling stake in debt-ridden A...

Korea, China banks offer $120 mn loan on Chile LNG terminal stake deal

Korea, China banks offer $120 mn loan on Chile LNG terminal stake deal

The Industrial Bank of Korea (IBK) and two Chinese banks have extended a syndicated loan of $120 million to fund a stake purchase in a liquefied natur...

Hana Fin, CIC to set up $1 bn Korea-China cooperation fund

Hana Fin, CIC to set up $1 bn Korea-China cooperation fund

Hana Financial Group will set up a joint fund with China Investment Corp. (CIC) to invest in companies seeking to penetrate each other’s markets, with...

KTCU invests $71 mn in TH Real Estate-led purchase of China outlet malls

KTCU invests $71 mn in TH Real Estate-led purchase of China outlet malls

The Korean Teachers’ Credit Union (KTCU) has invested 77 billion won ($71 million) in a fund of TH Real Estate which acquired two premier outlet malls...

Korea Investment buys China Airlines-leased aircraft for $165 mn

Korea Investment buys China Airlines-leased aircraft for $165 mn

Korea Investment & Securities Co. Ltd. has acquired a Boeing aircraft leased by Taiwan-based China Airlines for around 180 billion won ($165 milli...

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