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Home / Business / Korea's air president and CEO Cho Yang-ho dies

Korea's air president and CEO Cho Yang-ho dies



Cho Yang-ho died in Los Angeles on Sunday, Korean Air said in a statement Monday. He was 70 years old. The company did not reveal the cause of death.

Cho took over as director and CEO of Korean Air from his father in 1999. The following year, Cho founder of SkyTeam Airline Alliance – a move that put Korean Air on the international map.

Cho was also the head of Korean airline company Hanjin Group, one of South Korea's sprawling family run conglomerates.

In recent years, Cho has made headlines for all the wrong reasons. He and his family have been accused of promoting a culture of abuse and violence by the company.

Investors are now hoping that the company's management issues are behind it ̵

1; shares in Hanjin Transportation spanked 14% in Seoul following the news of Cho's death. Korean Air rose up to 4% in morning trading.

  Culture of Abuse and Violence in the Heart of Some of South Korea's Biggest Companies

Weeks before his death, Cho emerged from his position as Chairman of Korean Air. He was trying over the cost of disruptions and breaches of trust. He denied the charges against him.

"Nut rage" event in 2014 – when Chos daughter, Heather Cho, attacked two Korean Air flight charges to serve their macadamia nuts in a bag instead of a porcelain bowl – was perhaps the most notorious example of the company's corrosive environment . Last year, Chos's youngest daughter, Emily Cho, met a storm of public criticism for having played a drink at a business meeting. She was later cleared of all charges related to the incident.
Chos widow, Lee Myung-hee, stands for criminal charges of physical and verbal abuse of staff. The alleged abuse includes allegations that she attacked an employee to forget about buying ginger and drenched another with water to run too slowly. The criminal charge against Lee was released by a South Korean legislature earlier this year.

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