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Korean Air Lines (003490)   STOCK
 
Address KOREA AIRLINES, INC., 1370, GONGHANG-DONG, GANGSEO-GU, SEOUL
Home Page www.koreanair.com
Established 1962. 6.19 Tel 02-2656-7114
Listed 1966. 3.18 IR 02-2656-6897
Common shares O/S 71,971,631 President Jo,Yang Ho/Lee,Jong Hui
Preferred shares O/S 1,379,177 No.of Employees 15,018(2008. 3)
Sales rose, due to overseas travel demand and freight demand increases, and firm's operating profit rose thanks to decline in cost to sales ratio and selling and administrative expenses. Despite biz revenue expansion, firm's profit ratio declined compared to a year earlier, because of gain on foreign exchange in the previous year. Burden to repay loans is excessive compared to cash flows from operating activities, and investment burden exists, in view of introduction 31 airplanes by 2011.
Firm is likely to have a synergy effect based on the establishment of Air Korea, a low airfare airline, and firm is expected to show stable growth trend thru visa exemption to U.S. and FTA. Firm's earnings rose, thanks to interest rate decline worldwide, oil product premium price system, promotion of airfare commission reduction and improvement in personnel and equipment and material efficiency, despite oil prices hike. Though firm was penalized in breach of antitrust, firm's burden in cash flows is not likely heavy, in view of installment payment during five years.
(date: 2007.12, unit : %)
Name Hanjin Cho Yangho National Pension Corporation
Portion 9.9 9.6 8.9
(unit : %)
Sales Air Transport 96.2 Cost Raw Materials
Making The Aircrafts And Equipment 2.6 Labors
Overhead
(Unit : 100Mn.Won,Won)
Year 98. 4 00. 4 01. 4 ~01.12 07. 4
Type BI SD SD CB SD
Amount 622.40  159.91  255.35  17.24  34.11