Korea Corporate Governance Improvement Fund (KCGI) CEO Kang Sung-boo confirmed the group is interested in acquiring a majority stake in Asiana Airlines (London South East/Reuters, 19-Aug-2019). Mr Kang said KCGI is also in discussions with both local and overseas investors to form a consortium to bid for Asiana Airlines. KCGI is currently the second largest shareholder in Korean Air Lines' parent company Hanjin KAL.
Korean Air Lines shareholder confirms interest in acquiring stake in rival carrier Asiana Airlines
20 August, 2019