Originally Posted by
E165
Typical Korean cutthroat, ruthless business style. Not surprising at all. That's why Korea has the highest corruption rate in the corporate ranks among the first world countries; actually, the way they act, I'm surprised Korea is even considered as a first world. Almost as bad as the Chinese. [FACT]
It's fruitless to whine and complain about Korean Air. They DO NOT CARE for the expats, let alone their own employees. They're just corrupted pigs, along with other Korean conglomerates. Korean Air (Hanjin) was already pretty much broke financially, like Asiana Kumho Group, way before this Chinese Virus started due to money-laundering and bad, mismanaged, selfish, Korean-style business practices. [FACT]
This is the truth, especially for Kumho Asiana Group. HDC will probably back off from taking over Asiana because of mounting debt OZ and its subsidiaries such as Air Busan and Air Seoul incurred. Also these carriers participated into some sort of financial deals which were not disclosed to HDC involving some high level former government officials who have been charged pending trial.
Same for HANJIN KAL owner family. They have been charged with "deliberately evading import duties of luxury goods by using company aircrafts and facilities" and other charges as assault or whatever.