Asiana Union Meets with KDB for the First Time After 'Korean Air Integration Announcement'... Differences Reconfirmed
Labor Union Demands Formation of Tripartite Council... Government to Propose Establishment of Meeting Body
As the court's decision on Korean Air's acquisition of Asiana Airlines approaches, on the 30th, Korean Air and Asiana Airlines passenger planes were moving toward the runway at Gimpo Airport apron in Gangseo-gu, Seoul. The Seoul Central District Court is expected to deliver a ruling on the injunction request filed by activist private equity fund KCGI against Hanjin KAL to prohibit new share issuance either today or tomorrow. If the court dismisses the injunction request, the acquisition process will accelerate, but if the injunction is granted, the acquisition is likely to be canceled. Photo by Kim Hyun-min kimhyun81@
View original image[Asia Economy Reporter Kim Ji-hee] The Asiana Airlines labor union held its first meeting with the Korea Development Bank (KDB) following the announcement of the merger with Korean Air. Although the Asiana Airlines union had refused KDB's request for dialogue last month, this was the first time they sat down together, but it is reported that both sides only confirmed their differences in stance.
According to industry sources on the 15th, the union held a meeting with KDB at 3 p.m. the previous day at Asiana Airlines headquarters in Gangseo-gu, Seoul. The meeting was attended by Choi Dae-hyun, Deputy Governor of KDB, Shim Kyu-deok, Chairman of the Asiana Airlines union, and Kim Young-gon, Chairman of the Pilots' Union.
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At the meeting, the union demanded the establishment of a tripartite labor-management-government council involving Korean Air, Asiana Airlines, KDB, the unions, the Ministry of Land, Infrastructure and Transport, and the Ministry of Economy and Finance to discuss the merger. On the other hand, KDB emphasized that considering economic reasons and the COVID-19 situation, the merger was the only viable option. While it was difficult to form such a council, KDB reportedly responded that it would recommend the government to establish one.
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