Korean Air tentatively agreed with The Seoul Metropolitan Government to sell the site in Songhyeon-dong

[Infostock Daily=Reporter Lee Ji-sun] The Seoul Metropolitan Government and Korean Air have tentatively agreed to sell Korean Air's private property in Songhyeon-dong, Jongno-gu, Seoul.

According to industry sources on the 4th, the Seoul Metropolitan Government and Korean Air plan to hold a final agreement and signing ceremony on the sale of the site as early as next week.

Korean Air has accepted the Seoul Metropolitan Government's demand. The agreement is also expected to speed up Korean Air's self-rescue plan to resolve financial difficulties caused by COVID-19.

Korean Air plans to secure between 450 billion won and 550 billion won by selling the site

Reporter Lee Ji-sun stockmk2020@gmail.com