Posted inNortheast Asia, South Korea

Hyundai Development Co takes control of Asiana

A South Korean construction firm on Friday signed a deal to acquire Asiana, the country’s second-largest airline, which has long been plagued by financial problems. The HDC Hyundai Development Company said its consortium closed on a 2.5 trillion won (US$2.2 billion) controlling stake in the troubled airline, which currently owes some 3 trillion won to financial […]

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