Financial Services Commission: "Korean Air's Acquisition of Asiana... No Reason to Refuse if It Helps"

Do Gyu-sang, Vice Chairman of the Financial Services Commission, is delivering opening remarks at the Financial Risk Response Team meeting held on the 13th at the Korea Federation of Banks in Jung-gu, Seoul.

[Asia Economy Reporter Jo Gang-wook] The Financial Services Commission has officially responded to Korean Air's push to acquire Asiana Airlines by saying, "There is no reason to refuse if it is a good plan."

On the 13th, after the Financial Risk Response Team meeting, Do Gyu-sang, Vice Chairman of the Financial Services Commission, told reporters, "The Korea Development Bank is reviewing various aspects such as minimizing capital injection, supporting the normalization of companies facing management difficulties to ensure employment stability, and strengthening industrial competitiveness."

When asked whether the Financial Services Commission views Korean Air's acquisition of Asiana Airlines positively ahead of the Ministerial Meeting on Industrial Competitiveness Enhancement (Sangyeongjang meeting), Vice Chairman Do replied, "The Sangyeongjang meeting has not been decided yet."

He added, "The Korea Development Bank is examining various possibilities, and if it helps in various aspects, there is no particular reason to refuse (Korean Air's acquisition of Asiana Airlines)."

Meanwhile, the Korea Development Bank, which is the creditor bank of Asiana Airlines, is reportedly considering a plan to place Korean Air and Asiana Airlines under 'one roof' through financial support.

Regarding this, the Korea Development Bank stated, "It is under review among various options, but nothing has been finalized."

This content was produced with the assistance of AI translation services.