4 days Bumpy road ahead of KAL-Asiana tie-up Inquirer
  SEOUL --- Controversy escalated Sunday over the proposed business integration plan of South Korea's two flag carriers -- Korean Air Lines and Asiana Airlines -- as to whether the fundraising plan of Korean Air's parent company Hanjin KAL to achieve the tie-up is legally viable. State-run lender and creditor Korea Development Bank has addressed concerns over the possibility of an injunction court order that might kill its plan of providing 800 billion won ($716 million) to Hanjin KAL in return for at least 10.6 percent of voting rights plus exchangeable bonds. The KDB capital injection is viewed as the ... more