Airlines
Hyundai Poised To Take Control of South Korea's Asiana Airlines
Hyundai Development's takeover of Asiana Airlines comes after the group's automotive arm said it will launch eVTOL air taxi services by 2029.
In cooperation with Mirae Asset Financial Group, Hyundai Development is on the cusp of acquiring Asiana Airlines for $2.2 billion.
In cooperation with Mirae Asset Financial Group, Hyundai Development is on the cusp of acquiring Asiana Airlines for $2.2 billion.

South Korea’s Hyundai Development and investment bank Mirae Asset Financial Group announced plans to complete their planned $2.2 billion acquisition of the country’s second-largest carrier, Asiana Airlines. Late on December 27, the companies said they expect to complete the takeover by April 2020.