Scandal-hit Korean Air chairman dies, shares soar.
The head of South Korea's flag carrier Korean Air --- whose family have been embroiled in multiple scandals including an infamous"nut rage" tantrum -- has died, the airline said Monday, sending its shares soaring.
Last month he became the first controlling shareholder of a South Korean conglomerate to be kicked off the board when he failed to secure the required two-thirds majority to be re-elected, but the company subsequently said he would carry on playing a management role. Under Cho, Korean Air emerged as one of the world's top airlines, flying to 124 cities in 44 countries, and he headed the bid committee that saw the South awarded the 2018 Winter Olympics.
His two daughters, who held management positions at Korean Air, previously became viral sensations for temper tantrums dubbed the"nut rage" and"water rage" scandals, forcing Cho to issue a public apology and remove them from their posts.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scandal-prone Korean Air chairman dies weeks after board ousterKorean Air chairman Cho Yang-ho has died, the South Korean airline said on Monday, less than three weeks after investors voted to remove him from ...
Read more »
Korean Air says chairman Cho Yang-ho dies at 70Korean Air chairman Cho Yang-ho has died, the South Korean airline said on Monday, less than three weeks after investors voted to remove him from ...
Read more »
Korean Air says chairman Cho Yang-ho dies at 70SEOUL (REUTERS, BLOOMBERG) - Korean Air chairman Cho Yang-ho has died, the South Korean airline said on Monday (April 8), less than three weeks after investors voted to remove him from the board in a landmark victory for shareholder activism.. Read more at straitstimes.com.
Read more »
Korean Air chairman Cho dies weeks after ouster from boardKorean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, the airline said, raising hopes for leadership renewal just weeks after investors removed him from the board in a victory for shareholder activism. Shares of the family-controlled airline rose as much as 8 percent
Read more »
Sanctions delay plans for North Korean beach resort: analystsSEOUL (AFP) - North Korea has again pushed back the construction end-date of a massive beach resort - a move analysts say shows the regime is struggling from international sanctions imposed over its nuclear weapons programmes.. Read more at straitstimes.com.
Read more »
South Korean ship detained for violating UN sanctions: SeoulA South Korean ship has been detained for six months on suspicion of violating UN sanctions against the nuclear-armed North, Seoul's foreign ...
Read more »
South Korean ship detained over sanctions on North: SeoulA South Korean ship has been detained for more than six months on suspicion of violating UN sanctions against the nuclear-armed North, Seoul's foreign ministry said Wednesday. Pyongyang is sanctioned over its weapons programme under multiple UN Security Council resolutions, which include curbs on
Read more »
South Korean, US telcos roll out 5G services early as race heats upSouth Korea's three mobile carriers and top U.S. telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their ...
Read more »
South Korean, US telcos roll out 5G services early in race to be firstSEOUL • South Korea's three mobile carriers and top United States telco Verizon Communications commercially launched 5G services on Wednesday, ahead of their initial schedules, as they rushed for first spot in the race to roll out the latest wireless technology.. Read more at straitstimes.com.
Read more »