Korean Air Divesting Stakes To Improve Its Finances

Most of Korean Air’s 144 passenger aircraft have been grounded.
Credit: Rob Finlayson
Korean Air (KAL) is taking steps to improve its financial position, which include selling an idle property and a development company. The South Korea flag carrier is selling prime land at Songhyeon-dong in downtown Seoul, which has been idle since 2009 when KAL bought the land from Samsung Life...

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