February 6, 2020 / 2:51 AM / 14 days ago

Korean Air says will sell a property in Seoul, non-core unit

SEOUL, Feb 6 (Reuters) - Korean Air Lines said on Thursday it will sell a property in downtown Seoul and one of its non-core business units in line with its goal of improving financial stability.

The flag carrier, which reported a net loss of 627 billion won ($530.17 million) for the first three quarters of 2019, said it will sell its land and building in the centre of Seoul and its stakes in Wangsan Leisure Development, a resort operator in Incheon, South Korea. ($1 = 1,182.6500 won) (Reporting by Joyce Lee; Editing by Kim Coghill)

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