<Anchor>

As such, Hyundai Industrial Development's acquisition of Asiana Airlines is also hampering. As the market was so difficult, it was even observed that he was worried about withdrawing the acquisition.

This is reporter Jeong Seong-jin.

<Reporter>

The Asiana Airlines paid-in capital increase of KRW 1.4 trillion, which was scheduled for the coming 7th, has been postponed indefinitely.

The essential process for Hyundai Industrial Development to acquire Asiana Airlines has been suspended.

The reason for the official announcement is that corporate review is delayed due to the aftermath of Corona19.

However, it is also observed that Hyundai Industrial Development is struggling to withdraw its takeover as the aviation industry is facing severe business difficulties with Corona 19.

This is because, as Hyundai Industrial Development, even with 2.5 trillion won, it can fall into a 'winner's curse'.

As Asiana Airlines made a net loss of 800 billion won last year, its debt ratio was close to 1,800%, but this year's performance is likely to worsen.

Hyundai Development said that it is "difficult to answer" about the possibility of withdrawal of the acquisition, even though it is "promoting acquisition work without delay."

There is also an analysis in the industry that it is a move to attract the support of the government, as the withdrawal of the acquisition requires the abandonment of 250 billion won.

[Choi Woon-woon, Senior Researcher, Korea Investment & Securities: We believe that there will be a purpose to notify the government as well as the industrial banks that the situation can be reviewed.

The difficult task of restructuring the aviation industry without creating preferential fertilization lies with the government and industry.

(Video coverage: Senior style, Video editing: Jongmi Kim)