Korean Air to Sell Assets to Secure 3.5 Tril. Won Cash
Korean Air to Sell Assets to Secure 3.5 Tril. Won Cash
  • Korea IT Times (info@koreaittimes.com)
  • 승인 2013.12.20 19:10
  • 댓글 0
이 기사를 공유합니다

SEOUL, KOREA - Korean Airlines announced on December 19 that it will secure 3.5 trillion won by selling its major assets, including its stake in S-Oil, aged airplanes, and real estate. Korean Air plans to secure 2.2 trillion won by selling Hanjin Energy’s 30 million shares of S-Oil.

In addition, Korean Air will procure 250 billion won by selling 13 aged aircraft and 1.04 trillion won by selling real estate and investment assets. With these asset sales, Korean Air aims to reduce its debt-to-equity ratio to 400 percent by 2015 from the current 800 percent.

Korean Air also plans to provide additional support to Hanjin Shipping within the value of collateral, aimed at helping the latter get out of its liquidity crisis. Korean Air, accordingly, will participate in Hanjin Shipping’s capital increase, slated within the first half of next year, within the limit of 400 billion won.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • ABOUT
  • CONTACT US
  • SIGN UP MEMBERSHIP
  • RSS
  • 2-D 678, National Assembly-daero, 36-gil, Yeongdeungpo-gu, Seoul, Korea (Postal code: 07257)
  • URL: www.koreaittimes.com | Editorial Div: 82-2-578- 0434 / 82-10-2442-9446 | North America Dept: 070-7008-0005 | Email: info@koreaittimes.com
  • Publisher and Editor in Chief: Monica Younsoo Chung | Chief Editorial Writer: Hyoung Joong Kim | Editor: Yeon Jin Jung
  • Juvenile Protection Manager: Choul Woong Yeon
  • Masthead: Korea IT Times. Copyright(C) Korea IT Times, All rights reserved.
ND소프트