Kumho Asiana Group asks for $440 mln support from its creditor

Kumho Engineering & Construction

10/04/2019 07:42

SEOUL, April 10 (Reuters) - South Korea's Kumho Asiana Group
has submitted its restructuring plan to stabilise its management
and asked for financial support of 500 billion won ($439.11
million) from its main creditor Korea Development Bank (KDB),
KDB said in a statement on Wednesday. 
    The conglomerate said it will actively cooperate with the
KDB in selling its crown jewel Asiana Airlines  020560.KS 
should the embattled group fail to implement its restructuring
plan over the next three years, KDB said.     
($1 = 1,138.6600 won)

 (Reporting by Heekyong Yang; Editing by Kim Coghill)
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Messaging: heekyong.yang.thomsonreuters.com@reuters.net))