Conflicts over a Korean Air-Asiana Airlines merger are continuing between Hanjin Group teaming up with the Korea Development Bank (KDB) and the alliance of activist private equity fund KCGI, former Korean Air vice president Cho Hyun-ah and Bando Engineering & Construction. The two sides are issuing
The Korea Fair Trade Commission (KFTC) announced on Nov. 25 that it decided to impose a fine of 12,528 million won on Gaztransport & Technigaz (GTT), a multinational engineering company headquartered in France, for its market dominance abuse in relation to the eight South Korean shipbuilders includi
HMM (formerly known as Hyundai Merchant Marine) is planning to expand its terminal foothold at the Port of Long Beach on the west coast of the United States. The decision was based on the need to expand infrastructure at the port, a key gateway to the United StatesHMM recently reported this policy t
State-run Korea Development Bank (KDB) has tied a noose around the neck of Hanjin KAL, the holding company of Hanjin Group, in return for investing 800 billion won in it to facilitate Korean Air’s acquisition of Asiana Airlines.KDB signed an investment agreement worth 800 billion won with Hanjin KAL
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. With KAL’s decision to take over Asiana now official, the air transportation industry’s competitive landscape is beginning to reshape. From a mid/long-term perspective, competitive intensity is expe
Korean Air will acquire Asiana Airlines to create the world's 10th largest airline, Hanjin Group announced on Nov. 16.The deal between Korea's two top airlines will restructure the Korean aviation market amid an unprecedented crisis in the global aviation industry due to COVID-19.Korean Air
Korean Air is reportedly considering acquiring Asiana Airlines. Hanjin Group, the parent of Korean Air, is negotiating with Korea Development Bank (KDB), the main creditor of Asiana Airlines, to acquire the struggling airline.Industry insiders offer the scenario of KDB providing funds to Hanjin KAL,
Corporate research firm CEO Score recently analyzed 347 out of the 500 largest South Korean enterprises and the 1,582 former and current CEOs who worked or are working for the companies after 2010. According to the firm, the non-owner CEOs who retired in that period worked in that position for 3.6 y
Medium-sized shipbuilders under creditor-led restructuring processes are put up for sale. They include Hanjin Heavy Industries & Construction, STX Offshore & Shipbuilding and Dae Sun Shipbuilding and Engineering. However, it remains to be seen whether these shipbuilders can be sold within the year i
The Hydrogen Vessel Technology Center at Pusan National University announced on Oct. 27 that it will develop an eco-friendly ship for collecting and treating floating waste at sea.The envisioned vessel is a hybrid ship that uses liquefied natural gas (LNG) and hydrogen as its fuel. It is an eco-frie
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Thanks to sound air cargo market conditions, KAL remains able to generate operating cash flow. We expect the firm to enjoy M/S expansion on the back of business downsizing at domestic and overseas p
LG Group chairman Koo Kwang-mo has been selected as one of the 100 most sustainable global leaders by the Association for Supporting the SDGs for the United Nations (ASD).Koo was on the list of the 30 most sustainable business leaders, which also included Hanjin Group chairman Cho Won-tae and Black
HMM has recently signed a sales and purchase agreement with CMA CGM, the world's fourth largest shipping company, for the sale of its 50 percent stake minus one share in Total Terminal International Algeciras (TTI Algeciras), a container terminal in the south of Spain.Shares of TTI Algeciras are
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Jin Air has disclosed plans for a W109.2bn rights offering. With this move, Jin Air should secure sufficient liquidity to survive through 1H21. Despite the prolonging of the Covid-19 crisis, we adhe
Global shipping alliances such as 2M, Ocean Alliance and THE Alliance are working even more closely with each other. They are not only sharing ships and shipping routes but also cooperating in inland freight logistics to further refine their services. In addition, they are cooperating in responding
Hanjin Group is accelerating its move to sell off Waikiki Resort Hotel in Hawaii. The group plans to invite bids for the hotel early next month.The value of the hotel is estimated at about US$100 million. Potential takeover candidates reportedly include Japanese investors and mid-sized Korean constr
Among the heads of major Korean conglomerates in the first half of 2020, Celltrion chairman Seo Jung-jin enjoyed the largest increase in the value of stock holdings in the first half of this year. The value of Seo’s stock holdings rose by more than three trillion won. By contrast, the value of Samsu
Hanjin KAL's public offering of bonds with warrants (BWs) worth 300 billion won has attracted 7.3 trillion won in subscriptions, recording a competition ratio of 24.4 to 1.Hanjin KAL, the holding company of Hanjin Group, has decided to issue BWs to take part in a capital increase of its subsidia
The National Pension Service (NPS) has begun a discussion on excluding Hanjin KAL from the targets of its management participation. The move appears to be aimed at distancing itself from the feud between the Hanjin Group chairman and his elder sister over the control of Hanjin KAL, the holding compa
As the COVID-19 crisis is likely to be prolonged, airlines are seeking to raise funds to ease their deteriorating business conditions. But many are facing an uphill battle. Some airline officials say that they may have to consider even selling aircraft to stay afloat.Korean Air raised 300 billion wo