HDC Hyundai Development Company (President Dae Cheol Kim) and Mirae Asset Financial Group (Chairman Hyeon-Joo Park) consortium were selected as the preferred bidder for the acquisition of Asiana Airlines, a representative airline of South Korea. The following is an official announcement from under the name of Mong-gyu Chung, Chairman of HDC Group.
Thank you for your time and interest. I'm Mong-gyu Chung, Chairman of HDC Group.
First of all, I would like to thank all the reporters for attending this announcement.
HDC Hyundai Development Company feels massively honored for being selected as the preferred bidder on the 12th by participating in the main bidding for the acquisition of Asiana Airlines, a representative airline of South Korea.
The acquisition of Asiana Airlines is based on the strategic judgment that the airline industry, the national infrastructure, is in line with the sustainable growth of HDC Group. HDC Hyundai Development Company will make every effort to conclude this contract smoothly as a preferred bidder and will support Asiana Airlines as much as possible so that Asiana Airlines can have the best competitiveness after the contract.
The domestic and international aviation industry is suffering from the intensified competition along with safety issues. Asiana Airlines will secure the best financial soundness in the aviation industry after it is acquired by HDC Hyundai Development Company. Moreover, I believe that it will have higher competitiveness and enterprise because HDC Hyundai Development Company will continue to invest in new aircraft and services after the acquisition.
Through this, HDC Group will make one step forward to a mobility group as well as the aviation industry. HDC Hyundai Development Company will contribute to the shareholders and the society and strengthen the national future competitiveness of South Korea by creating positive synergy with the employees of Asiana Airlines.