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Press Release [Money Today] [The 4th Korea Legal Awards 2021] Korean Air, Asiana M&A, a Milestone for the Aviation Industry

2021.06.16

On June 16, 2021, Lee & Ko received the Advisory Award at the ‘4th Korea Legal Awards 2021’ hosted by Money Today.

 

Money Today announced that “Lee & Ko received the Advisory Award for its advisory role in representing Korea Development Bank (“KDB”) on a series of transactions leading to the acquisition and integration of Asiana Airlines by Hanjin KAL, a holding company of Hanjin Group, and Korean Air”. It further stated that “this deal involved KDB injecting approximately KRW 800 billion into Hanjin KAL as the acquisition price of new shares and exchangeable bonds, and this transaction successfully utilized the ‘positive functions of the capital market’ to its fullest extent aided by the market’s trust in the certainty of acquisition and integration of Asiana Air by KAL, and its resulting synergy”.

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