Korean Air Chairman Cho Yang-ho Dies at 70

By Anna Breuer on 8 April 2019
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DSC_1537 (1)Korean Air Chairman and CEO Cho Yang-ho died on Monday while in the United States following a prolonged illness.

The airline attributed his death to a lung-related illness in a statement, without providing further detail.

Mr. Cho first joined the airline in 1974, working in the company’s regional headquarters in Los Angeles. He was appointed to the position of chief executive officer in 1999, succeeding his father, Cho Choong-hoon. In 2003, he became head of the Hanjin Group, which owns the airline and a major shipping company.

The airline has seen a number of scandals involving Cho’s family in recent years, including the so-called “nut rage” incident in 2015 involving his eldest daughter, Cho Hyun-ah, who lost her temper when she was served macadamia nuts in the first-class cabin on a Korean flight departing New York, ordering the aircraft to return to the gate. She later served time in prison for violating aviation laws.

More recently, both of his daughters were forced to resign from all of their positions at Hanjin after their treatment of subordinates resulted in a public uproar.

Mr. Cho was indicted in 2018 on charges of embezzlement and breach of trust. He was removed from the airline’s board in March although he retained his titles of chief executive and chairman following the indictment.

Prosecutors charged him with embezzling 19.6 billion won ($17.4 million) and unfairly awarding contracts to companies controlled by members of his family.

Mr. Cho was also accused of stealing 152 billion won in medical insurance benefits by running a pharmacy without the appropriate license.

(Photo: Accura Media Group)

Accura News

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