Korean Air’s (KE) attempt to buy a stake in Korean Aerospace Industries has failed, putting its plans to expand its aerospace business in jeopardy. The stake was valued at KRW1.05 trillion ($926 million). Korea Finance Corp., which is overseeing the sale, said KE was the only bidder by closing time.Rules dictate there must be two competing bids. Shareholders will decide whether to hold a second round of bidding after further discussions, Bloomberg reported. KE is keeping its ...

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