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21-Jan-2010 11:04 AM

Creditors seeking Asiana Airlines to be part of a creditor-led restructure

Kumho Asiana Group’s creditors have reportedly named two accounting and consulting firms, PricewaterhouseCoopers Korea and Deloitte Anjin LLC, to commence due diligence of the conglomerate’s two subsidiaries, Kumho Industrial Co and Kumho Tire (heraldm, 20-Jan-2010). Creditors of Kumho Asiana Group, which is the the nation's ninth-largest conglomerate, are also advising that Asiana Airlines and Kumho Petrochemical be included in the creditor-led restructure programme, but have faced opposition from the company. Details of the debt workout-plan is expected in Feb-2010.

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