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Heiress-led Coalition Recommends New Chief for Debt-laden Hanjin Group

Heiress-led Coalition Recommends New Chief for Debt-laden Hanjin Group

SEOUL, Feb. 20 (Korea Bizwire) — The three-party alliance led by Hanjin Group heiress Cho Hyun-ah, widely known for the “nut rage” incident in 2014, on Thursday reiterated a need to replace the current leadership of the debt-laden South Korean airline conglomerate. The 45-year-old heiress has recently joined hands with the Korea Corporate Governance Improvement [...]

Hanjin Heiress Partners with KCGI, Bando for Group’s Management Control

Hanjin Heiress Partners with KCGI, Bando for Group’s Management Control

SEOUL, Jan. 31 (Korea Bizwire) — The heiress of South Korean airline-focused conglomerate Hanjin Group, widely known for the “nut rage” incident in 2014, has joined hands with a local fund and a builder for the group’s management control ahead of a shareholders meeting in March. In a joint statement with local activist fund Korea [...]

Airlines to Cut, Suspend Some Chinese Routes amid Virus Worries

Airlines to Cut, Suspend Some Chinese Routes amid Virus Worries

SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s airlines are reorganizing their flight schedules on Chinese routes in preemptive measures to avoid fallout from the fast-spreading new coronavirus, industry sources said Thursday. Korean Air Lines Co., the country’s national flag carrier, said it will reduce or suspend some of its flights to China from Sunday [...]

Sibling Feud Brewing at Hanjin as ‘Nut Rage’ Heiress Challenges Brother for Helm

Sibling Feud Brewing at Hanjin as ‘Nut Rage’ Heiress Challenges Brother for Helm

SEOUL, Dec. 23 (Korea Bizwire) — In what could be a signal of a family feud at South Korea’s largest logistics conglomerate, Hanjin Group, the eldest daughter of the group’s late chairman on Monday accused her younger brother of ruining the family business. Cho Hyun-ah, former head of Korean Air Lines Co., claimed her younger [...]

Korean Air to Allow Passengers to Buy Tickets with Mileage and Cash Together

Korean Air to Allow Passengers to Buy Tickets with Mileage and Cash Together

SEOUL, Dec. 13 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Friday it will allow combined payment with cash and mileage for flight tickets from late 2020 to better serve its customers. Starting from November next year, customers can purchase tickets using their accumulated mileage together with cash or credit [...]