Delta buys stake in Korean Air parent, may help avert activist threat
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CHICAGO/SEOUL (Reuters) - Delta Air Lines bought a 4.3% stake in Korean Air Lines Co's parent company and said it wants to raise it to 10%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge.Shares of the parent, Hanjin Kal Corp, slumped 8% on Friday, as Delta's move dashed investor expectations of a battle to control the family-run group that has driven up shares since the death of patriarch Cho Yang-ho in April.Korean Air, which..