1. What Happened?

The Seoul High Court acquitted former CEO Park Sam-koo and former CFO Kim Ho-gyun of embezzlement charges, effectively removing past legal risks.

2. Why Does It Matter?

This acquittal can contribute to improving Asiana Airlines’ corporate image and reducing uncertainty. This is especially expected to play a positive role in the integration process with Korean Air.

3. What Will Happen Next? (Impact Analysis)

Positive Impacts:

  • Improved corporate image and restored investor confidence
  • Creation of a stable management environment due to reduced uncertainty

Limited Impacts:

  • The impact on the stock price may be limited as the event was already known
  • Key influencing factors remain the synergy with Korean Air integration and international passenger demand recovery

4. What Should Investors Do? (Action Plan)

Instead of reacting emotionally to short-term stock fluctuations, investors should focus on Asiana Airlines’ core fundamentals. It’s crucial to closely monitor the progress of the Korean Air integration, the recovery trend of international passenger demand, cargo business performance, and establish a long-term investment strategy.

5. Fundamental Analysis (Based on H1 2025 Report)

Operating Performance: Positive due to recovery in international passenger demand. Cargo business remains sluggish.
Financial Status: Capital strengthened by Korean Air’s rights offering. Debt management necessary.
Market Environment: Recovery of international passenger demand is positive, but intensified competition and external variables are risk factors.