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KDB chief says integration of Korean Air, Asiana Airlines may generate W300b in profit
KDB chief says integration of Korean Air, Asiana Airlines may generate W300b in profit
EconomyNov 24, 2020
Korean Air Lines Co.’s planned acquisition of rival Asiana Airlines Inc. and subsequent restructuring will lead to an annual profit of 300 billion won ($269.6 million), the head of the main creditor of Asiana said Monday. Lee Dong-gull, chairman of the state-run Korea Development Bank (KDB), offered the estimate in an interview with a local broadcaster, adding that the two carriers can brace for the post-pandemic era in two to three years if they push to restructure in a way that streamli