The head of South Korea's flag carrier Korean Air --- whose family have been embroiled in multiple scandals including an infamous
Late Korean Air CEO Cho Yang-ho"died peacefully" in a Los Angeles hospital on Sunday, the company said, but did not provide details about his cause of death. AFP/File/Jung Yeon-je
The company said Cho “died peacefully” in a Los Angeles hospital on Sunday but did not provide details about his cause of death. Hanjin KAL shares leaped 24 percent at one point in morning trade in Seoul on Monday, while Korean Air Lines opened more than 6 percent higher and other affiliates also rose.
But the Cho family has come under scrutiny in recent years after being embroiled in multiple criminal probes over charges including assault, embezzlement and smuggling luxury goods. 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.
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