Korean Air Chairman Cho Yang-ho dies at age 70

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Chairman of Korean Air, Cho Yang-ho, died at 70 years of age from a lung-related illness. The Cho family own appro ximately 30% of the share capital in Hanjin Kal Corp., Korean Air’s holding company and its biggest shareholder. Cho Yango-ho’s son, Cho Won-tae, has served as President of Korean Air since 2017 but his succession is not guaranteed, as foreign investors push for change at Korea’s family-run conglomerates (chaebols). The group came under scrutiny in recent years as the late Chairman received accusations of tax evasion and embezzlement. Yang ho’s two daughters resigned from their roles within Hanjin following the public scandal.