KCGI to acquire a 14.9% stake in Hanjin Kal from Delta Air for $300m.

Korea Corporate Governance Improvement, a Korean private equity fund, agreed to acquire a 14.9% stake in Hanjin Kal, an airline holding company, from Delta Air, a provider of air transportation, for $300m. “Delta is now going through the fierce headwind coming from the outbreak of COVID-19. Delta is welcome to think of selling down all the shares of Hanjin KAL to KCGI,” KCGI stated.