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, [...]
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, Apr. 20 (Korea Bizwire) — Kim Su-jin — not her real name — said going to work is a highly stressful affair as she has little choice other than to put up with frequent bullying and verbal abuse by her superiors. The 28-year-old, who is employed in a non-permanent position at a small architectural [...]
SEOUL, April 19 (Korea Bizwire) – Korean Air Lines Co., South Korea’s national flag carrier, said Thursday it will examine all of its B737 planes that use the same engine as the one that failed on a Southwest Airlines flight, resulting in the death of a passenger. The company plans to voluntarily examine most of 35 B737 jets by November, though not all of them use the problematic CFM56-7B turbofan engine, a company spokeswoman said over the phone. The country’s [...]
SEOUL, April 18 (Korea Bizwire) – Police raided an advertisement company Wednesday in a probe into allegations that a daughter of the Korean Air Lines Co. chief threw water at the agency’s employee during a business meeting. Cho Hyun-min, a Korean Air senior executive and younger daughter of Chairman Cho Yang-ho, was booked and banned from overseas travel on Tuesday. Cho is accused of yelling at [...]