SEOUL -- Korean Air Lines faces heavy resistance to a planned acquisition of domestic rival Asiana Airlines, including from a major shareholder of KAL's parent company that fears a dilution of its stake.
Business deals
Korean Air's Asiana deal hits turbulence as stakeholder objects
Labor unions also oppose government-backed industry consolidation
Activist fund KCGI's stake in Hanjin KAL would likely be diluted under the terms of the planned Asiana acquisition. © Kyodo
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