HDC's plan to acquire Asiana Airlines back to square one

Hyundai Development Company's plan to take over Asiana Airlines is going back to square one, as it intensifies a war of nerves against main creditors of the sagging airline in an apparent move to cut down the initial acquisition cost. On Wednesday, Korea Development Bank (KDB), the main creditor of Asiana, urged HDC to return to the negotiating table to discuss details over the deal, rather than simply sending statements over its position. "Interested parties should conduct a full consultation to meet HDC's demands, but the company is seeking negotiations only via exchanging statements, which raises doubts over the sincerity of its acquisition plan," the state-run lender said. This came as a reaction to HDC's earlier statement, released Tuesday, that it will reconsider completing the deal, as a series of "negative factors" getting in the way of the deal-closing were "clearly detected" for the past few months.<br/>