SEOUL, Apr. 8 (Korea Bizwire) – Korean Air Lines Co. Chairman Cho Yang-ho has died of a chronic illness, less than two weeks after he was removed from the national flag carrier’s board, the company said Monday. Cho, 70, died from a lung disease in the United States on Sunday. Korean Air said it would [...]
SEOUL, Mar. 27 (Korea Bizwire) — Korean Air Lines Co. shareholders’ decision to oust Chairman Cho Yang-ho from the company’s board is expected to further stimulate shareholder activism in Asia’s fourth-biggest economy, market watchers said Wednesday. Shareholders of the national flag carrier voted against an extension of Cho’s tenure as representative director in a landmark [...]
SEOUL, Mar. 27 (Korea Bizwire) — Shareholders of Korean Air Lines Co. on Wednesday voted against the reappointment of the airline chief Cho Yang-ho as director of the board. Seventy-four percent of shareholders attended an annual shareholders’ meeting held at the airline’s headquarters in western Seoul. Sixty-four percent of participants voted for Cho’s reappointment, a [...]
SEOUL, Sept. 13 (Korea Bizwire) – The chief of Hanjin Group, the parent for ailing shipper Hanjin Shipping Co., has borrowed 40 billion won (US$36 million) from banks in order to help the group’s cash-strapped shipping line, sources said Tuesday. Cho Yang-ho, chairman of the logistics conglomerate, has pledged to provide some of his private [...]
SEOUL, Sept. 6 (Korea Bizwire) – Hanjin Group, the parent for the cash-strapped shipper Hanjin Shipping Co., on Tuesday said it plans to provide some 100 billion won (US$91 million), including 40 billion won of group Chairman Cho Yang-ho’s private assets, to its ailing shipping affiliate to ease the deepening shipping chaos triggered by the [...]
SEOUL, May 6 (Korea Bizwire) – The labor union for pilots at Korean Air Lines Co. said Wednesday that it has filed a suit against its chairman claiming defamation by his recent SNS comment allegedly ridiculing pilots’ daily work. The suit was filed against Cho Yang-ho, chairman of Korean Air, with the Seoul Central District [...]
SEOUL, March 16 (Korea Bizwire) – The pilots’ union of Korean Air Lines (KAL) has released a statement outlining its official position with regards to SNS comments made by Chairman Cho Yang-ho, saying that he is “unqualified to be the CEO of an airline”. The controversy started when chairman Cho wrote a comment on a Facebook post [...]