Chinese Brands Are Taking Over Brazil — And It's Just Getting Started 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
U.S. Blockades Strait of Hormuz as Oil Prices Surge Past $100 
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
OpenAI Addresses Security Vulnerability in macOS App Certification Process 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
U.S. Markets Post Strong Weekly Gains Despite Middle East Tensions and Rising Energy Prices 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Asian Stocks Rally on Ceasefire Hopes and Bargain Buying 
Colombia and Ecuador Trade War Escalates With Retaliatory Tariffs 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Asiana Airlines is the no.2 carrier in South Korea but it was reported that it may be delisted from the Korea Exchange. Two of its affiliates including Air Busan and Asiana IDT, are also facing the same fate, according to industry insiders.
Kospi’s eligibility review is underway
As per The Korea Herald, the Korea Exchange made an announcement late last week that it decided to assess the Asiana Airline’s listing eligibility pursuant to the former Kumho Asiana Group chief Park Sam Koo’s arrest last month for charges of directing unfair financial transactions among group affiliates that were said to have resulted in huge gains for him and his family.
As mentioned earlier, it is not just Asiana Airlines that will be examined by the KRX, but it also made the decision to review its subsidiaries - Air Busan and Asiana IDT, the information and communication tech unit of Asiana, for their listing eligibility.
It was said that the outcome of the review will be completed in 20 trading sessions and once done, it will determine if they can stay and resume their stock transactions on Kospi’s market.
It was after Park Sam Koo’s arrest when the trading for Asiana Airlines, Air Busan and Asiana IDT was suspended. This was said to have been carried to protect the investors.
Sure enough, if Asiana Airlines and its affiliates are delisted, it will be a big blow to small shareholders because they carry 58.21% of the airline’s total stocks.
“We would like to apologize to our shareholders for the prolonged stock trading suspension,” an official from Asiana Airlines said. “To protect our shareholders’ ownership rights, we will put all our efforts into getting the trading back on track.”
Airlines to start taking off again as more people get vaccinated
Meanwhile, the potential delisting news involving Asiana Airlines comes after it was reported that airlines in South Korea are preparing to resume flights for tourists again. It was said that flights to Guam and other tourist destinations overseas are being prepared as these places are starting to open and welcome inoculated travelers again.
South Korean airlines will allow group tours of fully vaccinated Korean citizens. It was added that the South Korean government is currently in talks with Singapore, Guam and Saipan for a quarantine-free travel bubble agreement, Yonhap News Agency reported. The government may also propose the same deal with Taiwan and Thailand soon.
