Creditors failed to reach an agreement on a price to sell their 57.5 percent stake in Kumho Industrial, the Korean Times reported.
Last week, creditors were pushing Kumho Asiana Group to pay more than 650.3 billion won – the amount the company has said it cannot exceed – to purchase Kumho Industrial.
On Aug. 27, the Korea Development Bank and 21 other creditors met to choose a final sales price, but failed to agree.
The disagreement is likely to delay the sale of Kumho Industrial, and a new meeting time has not been set.