Kumho Asiana Group, South Korea’s seventh largest conglomerate, stated on the 15th，The board of directors decided to sell its core subsidiary 188bet online live casino (ASIANA AIRLINE)，The airline is the largest business entity within the group，Contributes 60% of the group’s turnover，If the auction goes smoothly，Kumho Asiana Group’s national ranking in South Korea will drop from 7th to 60th。

According to "Yonhap News Agency" report，Kumho Industrial owns 188bet online live casino 33.47% shares，is the largest shareholder，Share holdings worth approximately 300 billion won，The entire auction incident occurred at the end of March，Because 188bet online live casino was issued a qualified audit report to the financial market by its accountant，Causing Kumho Asiana Group Chairman Park Sam-kyu to resign，The company’s stock price fell to a new low since 2017。

The financial report cannot be released, the CEO takes the blame and resigns

The group issued a statement，31-year-old Asiana for sale，Also for the future development of the company，and approximately 10,000 employees。As soon as the news comes out，188bet online live casino stock price surged on the 15th，Rising from 4,330 won on the previous trading day to 7,280 won on the same day，An increase of 68%，There is still a 16% increase on the 16th，The stock price reached 8,450 won。

188bet online live casino will end up like this，According to Korean media reports，Mainly because of expansion too fast，But no benefits are seen，On the contrary, it leads to high debts。

188bet online live casino was hit by a liquidity crunch due to its acquisition of Daewoo Engineering & Construction in 2006，Tight cash on hand，Later sold Daewoo Engineering to the Korea Development Bank，Just got cash，It acquired logistics and distribution company Daehan Toongwoon in 2008，And sold it back in 2011，That’s CJ Logistics now，It finally sold subsidiaries of other core businesses，Including Kumho Life Insurance (now KDB Life Insurance)。

Market Assessment，The acquisition price of 188bet online live casino is at least 1.6 trillion won，But it depends on the number of buyers and the sales of aviation licenses and the premium of the routes，It may go up。Another theory is that the cost of 188bet online live casino may be about 2 trillion won (17.USD 600 million)，But it must bear the risks of operating an airline，The airline has fallen into 7 trillion won of debt and falling profits。

As for potential buyers，Korean media named Hynix SK Group，It may become South Korea's second largest group by buying 188bet online live casino，Although I have no experience in the transportation industry。

However, 188bet online live casino still has heavy losses in its financial reports so far，According to Bloomberg report，Earnings per share in the fourth quarter of last year was negative 964 won，An industry insider in South Korea who wished to remain anonymous said，“For SK hynix Group，The scale of this transaction is not large，But when considering its financial situation，It could be detrimental to its product portfolio。”

According to multiple reports，SK Group has hired former Jeju Air CEO Choi Kyu-nam as its decision-making committee since last year，After becoming Vice President of Global Mergers and Acquisitions，Always interested in acquiring 188bet online live casino，Another potential buyer mentioned，There are also Hanwha Group, which owns an aircraft engine manufacturing unit, and CJ Group, a retail giant with global logistics business。

*Source of this 188bet online live casino: Civil Aviation Resources Network, author of this 188bet online live casino: Zheng Guoqiang, original title: "188bet online live casino announces sale》.