SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s government said Friday that it has decided not to revoke Jin Air’s license, ending weeks of business uncertainty for the low-cost affiliate of Korean Air Lines Co. over its illegal appointment of a foreign national to its board of directors. Under South Korean aviation law, only South [...]
SEOUL, Apr. 23 (Korea Bizwire) — The two daughters of Korean Air Lines Co.’s chairman will step down from all duties immediately, the company said Sunday, amid growing allegations of abuses of power. South Korea’s largest full-service carrier said the decision was made by the chairman and CEO. “I sincerely apologize for upsetting the general [...]
SEOUL, Dec. 31 (Korea Bizwire) — A family member of the former Korean Air Lines Co. executive at the center of the “nut rage” scandal came under fire on Wednesday after prosecutors revealed a text message in which she promised to “take revenge” on behalf of her sister. Cho Hyun-min promised her sister Hyun-ah she [...]