SEOUL, Apr. 24 (Korea Bizwire) — The only son of late Korean Air Lines Co. Chairman Cho Yang-ho was named as new chief of Hanjin Group, the airline’s parent company, the logistics-centered group said Wednesday. The board of Hanjin KAL, the group’s holding company, appointed Cho Won-tae, 44, as the group’s new chairman, replacing his [...]
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, Apr. 1 (Korea Bizwire) — Korean Air Lines Co. has stopped providing peanuts onboard its flights to protect passengers with allergies. Beginning on March 25, Korean Air replaced the famous ‘honey peanuts’ provided to passengers with crackers. In addition, peanut-related recipes will be excluded from all meals provided to the passengers. Passengers with severe [...]
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, Mar. 14 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest airline, said Thursday that it will not operate B737 Max 8s to be delivered in the coming months until safety issues are fully settled. Korean Air plans to add six B737 Max 8s to its fleet this year, with the first delivery [...]
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, May 4 (Korea Bizwire) — Hundreds of former and current employees at Korean Air Lines Co. will stage a candlelight vigil on Friday in protest at the abusive treatment by the controlling Cho family, amid rising public outcry over an alleged assault by one of the chief’s daughters. Former and current employees at the [...]
SEOUL, May 1 (Korea Bizwire) — A transpacific joint venture between Korean Air Lines Co. and Delta Air Lines Inc. launched Tuesday to create a combined network serving more than 290 destinations in the Americas and more than 80 in Asia, providing customers of both airlines with more travel options. In March, the Ministry of [...]
SEOUL, Apr. 24 (Korea Bizwire) — The brand value of Korean Air Lines Co. has been dropping since the latest scandal surrounding the owner family erupted, and it may be outranked by its rival, according to an appraisal website Tuesday. The “share price” of Korean Air in the brand stock market, as rated by Brandstock, [...]