KDB to terminate Asiana Airlines stake sale discussions with HDC: reports

4 September, 2020

Korea Development Bank (KDB) reported it "believe[s]" Hyundai Development Company (HDC) "has no intention" of proceeding with plans to acquire a majority stake in Asiana Airlines (Yonhap News/The Korea Herald/Chosun Ilbo/BusinessKorea, 03/04-Sep-2020). KDB is expected to officially terminate discussions with HDC regarding the stake acquisition in the near future.