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【Youth Daily】 chairman Cho Won-tae of Hanjin Group said on the 18th that there will be no price increase (after integration) regarding Korean Air’s acquisition of Asiana Airlines.
In addition, he stressed that “there is no restructuring plan” in relation to the reductions in workforce proposed by some.
President Cho met with reporters after attending the 32nd Korean-American Business Meeting held at the National Federation of Entrepreneurs in Yeouido (Jeon Gyeongryeon) in Seoul this morning, and met with reporters, “I think there may be such concern (monopolist). There are no impressions. “
President Cho emphasized, “There is no restructuring plan” regarding the post-integration restructuring of the workforce, which has been mentioned recently, and emphasized, “We will create an opportunity to embrace all employees and welcome them as a family”.
He replied: “I will do everything possible so that no one is left behind” and “I will meet (with the union of both companies) as soon as possible and I will find a way to live together.”
The journalists note that “it is not realistic to overcome the new crisis of the infectious disease by coronavirus (Corona 19) without a restructuring.” If you think about it, you can fully use (duplicate staff). If you expand the roadmap and expand your business, you can. “
Regarding the plan to respond to the trilateral alliance against the takeover of Asiana Airlines, he drew a line that said “there is no plan.”
“There is a criticism that the KDB’s support is preferential treatment,” he said. “When the Korean Development Bank first asked him his intention of (acquisition), he said: ‘I can do it,’ he said.
Chairman Cho concluded an investment agreement with Saneun and explained that “Saneun helped me a lot so that I could handle better than that”, regarding content such as ‘You must not be wrong’.
He added: “There are some things that Saneun helps with, but there are standards that I have to meet,” he added. “The expression was like that, but Saneun helped me a lot so that I could handle better than the concrete ones.”
President Cho added: “I will find the most efficient and competitive way for LCC (low cost airlines).”
As to whether there is a plan to sell additional assets to pay Asiana Airlines’ debt, he said: “There is no such plan yet.”
On that day, Chairman Cho received a service plaque from the late Hanjin Group Chairman Yang-ho Cho at the Korean-American financial meeting. The Korea-United States Business Council awarded a service plaque in recognition of President Yang-ho Cho’s contribution to promoting friendship between the two countries.
President Cho said, “It is more meaningful to remember my senior president, Yang-ho Cho, and recognize the contributions to business development of both countries,” and “I will remember and succeed my father’s efforts and contributions during his lifetime.”
【Youth Diary = Reporter Lee Seung-gu】
