Asiana Airlines, Occurrence of Substantial Review Reasons for Listing Eligibility

[Asia Economy Reporter Jang Hyowon] The Korea Exchange announced on the 27th that due to the arrest and indictment of former Kumho Asiana Group Chairman Park Sam-gu on charges of embezzlement and breach of trust, a cause for a substantial review of listing eligibility has arisen for Asiana Airlines, including Asiana IDT and Air Busan.

In this regard, the Korea Exchange will decide whether Asiana Airlines and others fall under the review by the Corporate Evaluation Committee in accordance with Article 49 of the Listing Regulations of the KOSPI Market.

By June 17, depending on the decision regarding whether they are subject to the Corporate Evaluation Committee review, if decided to be subject to the review, information on the review procedure will be provided, or if decided to be excluded from the review, information on lifting the trading suspension will be provided.

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