South Korea’s Biggest Airlines Planning to Merge
Korean Air Lines Co. plans to acquire Asiana Airlines Inc. for 1.8 trillion won ($1.6 billion) following an interjection via its parent, Hanjin Kal Corp. “The main goal of the acquisition is to stabilize South Korea’s aviation industry amid the coronavirus pandemic and improve its competitiveness,” said Hanjin Group, which operates airlines and logistics businesses…