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[Alpha Biz=(Chicago) Reporter Kim Jisun] Regarding the separate sale of Asiana Airlines' cargo business, Kang Seok-hoon, chairman of the Korea Development Bank, said, "We believe there are fewer breach of trust issues."
"If Asiana Airlines' board of directors decides to separately sell its cargo business division, which is a cash cow, without any special alternative, it could constitute a criminal breach of trust," said Rep. Cho Eung-cheon of the Democratic Party of Korea during a parliamentary audit of the National Policy Committee at the National Assembly in Yeouido, Seoul, on the 24th.
Chairman Kang said, "I also know there is a controversy over breach of trust," but added, "I think there are relatively few cases of breach of trust."
On the timing of the completion of the Korean Air and Asiana business combination, Chairman Kang also said, "If we finish a board meeting at Korean Air and Asiana on Oct. 30 and submit a correction plan to EU rival authorities to make a decision within three to four months, both the EU and the U.S. will make the same decision."
In response to the U.S. Justice Department's issue of the possibility of filing a lawsuit, Kang said, "I think this is the last try," adding, "If that happens, I think it should be reviewed again."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
