"Respecting Court Rulings... Aiming to Enhance Shareholder Value and Contribute to Economic Development"
[Asia Economy Reporter Yu Je-hoon] Hanjin Group stated on the 1st that, regarding the court's dismissal of KCGI's injunction request to prohibit the issuance of new shares against Hanjin KAL, "As a key player in the restructuring of South Korea's aviation industry, we will do our best to overcome the crisis, strengthen competitiveness, and stabilize jobs."
In a statement released that afternoon, Hanjin Group said, "We respect the court's decision and plan to do our best to overcome the crisis through this acquisition while enhancing shareholder value and contributing to economic development."
Hanjin Group emphasized, "In particular, Korean Air deeply recognizes the significant meaning and responsibility of this acquisition of Asiana Airlines," adding, "Above all, as a key player in the restructuring of South Korea's aviation industry, we will do our best to overcome the crisis, strengthen competitiveness, and stabilize jobs."
Hanjin Group also expressed hope that the shareholder coalition (the three-party alliance) aiming to normalize Hanjin Group, which has been engaged in a war of nerves ahead of the recent injunction results, "will join us in our shared commitment as responsible shareholders to create an ecosystem in which South Korea's aviation industry can survive."
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