Korea Development Bank has decided to invest 800 billion won to promote Korean Air's acquisition of Asiana Airlines.

KDB invests 500 billion won as a paid-in capital increase allocated to a third party to Hanjin Kal, the parent company of Korean Air, and acquires an exchangeable bond (EB) worth 300 billion won.

The government held a meeting of the ministers concerned (Sankyungjang) for strengthening industrial competitiveness today (16th) to discuss ways to normalize Asiana Airlines and concluded.

If the KDB invests funds through a paid-in capital increase method allocated to a third party to Hanjin Kal, which is at the top of Hanjin Group's governance structure, Hanjin Kal will pursue a plan to purchase Asiana Airlines shares (30.77%) owned by Kumho Industries as a capital increase. I can see it.

It is known that Hanjin Kal will invest funds for a paid-in capital increase with Korean Air with support from the Korea Bank and the Export-Import Bank.

Korean Air plans to promote a paid-in capital increase of KRW 2.5 trillion.

When the acquisition is completed, the nation's first and second largest airlines will be placed under the'one roof', and the birth of the'Global Top 10' airline is now in sight.