Scandal-hit Korean Air chief forced off board by shareholders

Author:

AFP

article author:

ID:

1553655362140356200

Wed, 2019-03-27 02:29

SEOUL: The head of South Korea’s flag carrier Korean Air — whose family have been embroiled in multiple scandals including one involving a “nut rage” tantrum — lost his board seat after shareholders voted against extending his term as director, the airline said Wednesday.
Cho Yang-ho, who is currently on trial for corruption, failed to secure a required two-thirds majority, becoming the first controlling shareholder of a South Korean conglomerate to be forced off the board.