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Asiana bailout: Price war, weak economy blight South Korea airlines

HDC Hyundai Development to take control of No. 2 carrier in $2bn deal

Excessive competition, along with a weak South Korean economy, has contributed to Asiana's financial woes.

SEOUL -- Construction group HDC Hyundai Development has come to the rescue of troubled Asiana Airlines with a $2 billion offer, but a further realignment is deemed inevitable for the country's beleaguered airline industry.

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