Korean Air "Acquires Subsidiary Jin Air Shares for 604.8 Billion KRW... Stake at 54.9%"
[Asia Economy Reporter Seungjin Lee] Korean Air announced on the 13th that it will acquire 28,665,046 shares of Jin Air, an airline transportation industry affiliate, for approximately 604.8 billion KRW.
After acquiring the shares, Korean Air's stake in Jin Air will be 54.9%. The scheduled date for the share acquisition is the 15th.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Korean Air stated that the purpose of this share acquisition is to "pursue business synergy through vertical integration of low-cost carriers (LCC)."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
