Article: [Exclusive] Korean Air to acquire Asiana Airlines and KDB Industrial Bank
Source: Herald Economy
An investment bank industry official revealed on the 12th that "Korean Air is considering acquiring KDB Development Bank and Asiana Airlines and plans to submit a letter of intent to Asiana as early as next week." If Korean Air's acquisition of Asiana is successful, it's expected that a mega-national airline will be born.
Creditors believe that it won't be easy to turn around Asiana Airlines and its expected that they're pursuing a plan to merge with Korean Air.
Rumors of a merger are due to growing concerns about the company's ability to stay in operation due to their reliance on transfusion of funds from their Infrastructure Stability Fund.
- [+1,578, -94] Uh...this is not right at all. There needs to be some competition. Otherwise, with only one Korean airline it looks like service is going to drop and prices are going to skyrocket..
- [+188, -17] Can Korean Air even afford to take over Asiana Airlines now??
- [+150, -32] Aren't you sick from everyone you've swallowed up? What a rotten dirty company
- [+147, -32] If this happens, their monopoly is strengthened and barrier to entry increases and only consumers are harmed.
- [+47, -3] I saw an article that said rumors of Korean Air acquiring them are untrue? How is this reporter going to take responsibility for reporting falsehoods before the merger is complete..
- [+40, -1] Gijanim [reporter], I'm going to report you.
- [+40, -5] Korean Air would be better off if Asiana disappeared altogether than them trying to eat them up. Asiana has all the routes Korean Air has..
- [+14, -2] I think Asiana is better off just closing shop instead...
- [+12, -0] So they're preparing to increase the ticket price. Only the consumers lose from corporate monopolies ugh~
- [9, -0] What the heck is this unfounded article ㅋㅋㅋㅋ.