<Anchor>
Reporter Kwon Ae-ri's friendly economic time.
Reporter Kwon, It seems that the prolonged corona19 has had an effect. So far, a series of processes to find the new owner of Asiana Airlines have been in danger of misfire?
<Reporter>
Yes, it is HDC Hyundai Industrial Development, a company that said it would take over Asiana Airlines.
On December 27, at the end of last year, a down payment was already made to take Asiana Airlines from Kumho Industries, the parent company of Asiana Airlines.
It is 250 billion won.
When ordinary people buy and sell a house, they write a contract and pay 10% of the down payment first, then pay the intermediate payment and balance, and then finish the registration at the end.
Similarly, Hyundai Industrial Development decided to complete the Asiana acquisition process by June this year and signed a contract at the end of last year.
We promised to buy Asiana stocks and raise money by issuing new stocks. Anyway, we promised to pay 2.5 trillion won in value to Asiana and paid 10% of that, 250 billion won.
However, the acquisition work has not been properly carried out throughout the year, and Hyundai Industrial Development will come until September with no registration after that.
On the Asiana side, in fact, not the parent company Kumho Industries, but the creditors of Asiana, including the Korea Development Bank, which have lent a lot of money to Asiana Airlines, are in charge of the deal. It is known that I asked for it again.
This time, creditors have also caught up with this takeover, too, and it is said that a breakdown in negotiations will be formalized within the next week.
<Anchor> In the
end, it seems like it's a money problem. In what part did the opinions differ?
<Reporter>
HDC Hyundai Development Company began insisting that the terms of the acquisition should be discussed again from the beginning in June, which was originally due to close the acquisition.
In short, Asiana's condition wasn't what he originally thought of last year when he decided to buy it, so new conditions were needed.
Only this year, Asiana's debt has increased by 4.5 trillion won and net loss has increased by nearly 1 trillion won, so I tried to buy it at 2.5 trillion won, but the debt has increased by 4.5 trillion won. That is, the house I saw when I signed a contract It doesn't seem like this and there seems to be a lot of work to do, but I'm hesitating.
Of course, the impact of Corona 19 on the aviation industry this year cannot be missed.
The future has been uncertain for quite some time.
Since this June, Hyundai Industrial Development has been asking for a re-examination of Asiana's management status, and for a re-inspection.
I have met with creditors several times.
On the 26th of last month, Hyundai Industrial Development Chairman Chung Mong-gyu and creditors Lee Dong-geol, Chairman of Industrial Bank, met again as a final dispute.
It is known that there was also a talk to lower the acquisition cost.
However, creditors are sticking to the position that even if the acquisition cost can be reduced, it cannot meet Hyundai Industrial Development's demand for a look back at Asiana's condition.
Looking back for three months is a position that it may not be possible in the end.
On the 27th of last month, the day after such a final discussion, the Fair Trade Commission continued to investigate the family of former chairman Park Sam-koo, Kumho Asiana Group, which sold Asiana for sale. He also announced that he would charge a penalty for the former chairman Park Sang-gu to the prosecution.
In the end, after one week of the final talk, Hyundai Development Company once again sent a request for re-inspection to the creditors, indicating that they would not actually accept the new conditions in the last talks. I will.
<Anchor> The
atmosphere seems to be very bad, so what happens to Asiana now?
<Reporter> At
this point, it is expected that the Korea Development Bank and other creditors will manage Asiana.
There is something called the Infrastructure Stability Fund created to help infrastructure such as the aviation industry that is struggling in the coronavirus situation.
It is a strong idea to take a little money here and turn off the rush right away, and the Korea Development Bank becomes the largest shareholder and manages it and finds a new owner.
In other words, there is a greater possibility that the government will take over the management of Asiana, the second largest airline in Korea, led by the Industrial Bank for a while.
For the time being, it could be a situation in which the company can survive by spending some money.
For Asiana, it will become a company controlled by creditors again after six years.
There is a possibility that a litigation war may begin, as Hyundai Industrial Development asks for a refund of the 250 billion won down payment that Hyundai Industrial Development has already made.