Korean Air's chairman, whose leadership included scandals such as his daughter's infamous 'nut rage' incident, dies due to illness, the company says.
FILE - In this July 5, 2018 file photo, Cho Yang-ho, the chairman of Korean Air Lines Co., arrives for hearing to review the prosecution's request for an arrest warrant on charge of embezzlement at the Seoul Southern District Court in Seoul, South Korea. Korean Air says on Monday, April 8, 2019, its chairman, Cho Yang-ho, has died in the United States because of an unspecified illness.
The company said Cho died in the United States but did not specify his illness or provide other details in its statement on his death. Cho had remained chairman, which is a non-board role, even after shareholders ousted him from the board. He had expressed his intent to continue participating in management.
The Cho family scandals have increased public criticism about the country’s “chaebol,” a privileged group of family-owned conglomerates that have been tied to corruption and exploitive behavior. The country’s previous conservative president is now serving a length prison term for taking tens of millions of dollars from the country’s largest companies.
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