Korean Air’s chairman, whose direction included scandals like his son’s notorious episode of”nut rage,” has expired due to illness, the company said Monday.
Cho Yang-ho had been indicted on multiple charges and his departure came two weeks after a shareholder vote to eliminate the 70-year-old above a string of scandals surrounding his loved ones from the board of the company. Cho’s departure will induce a court to dismiss his situation that is criminal.
The company said Cho expired in the United States but didn’t establish his illness or provide details. Cho had stayed chairman, which is a part , even after shareholders ousted him by the board. He had voiced his intent to keep on engaging in management.
Cho’s eldest daughter, Cho Hyun-ah, that was previously the leader of the airline’s cabin assistance, received worldwide notoriety in 2014 after she ordered that an Korean Air passenger plane to come back to a terminal at John F. Kennedy International Airport in New York because she was mad that the crew functioned her macadamia nuts in a bag rather than on a plate.
If the sentence was suspended by a court cho Hyun-ah was sentenced to one year in prison but has been released.
The Cho family faced intense criticism following business workers alleged they were subjected to pops and mistreatment.
Cho’s wife was summoned by authorities to question her about allegations she abused and assaulted workers. Lee Myung-hee was accused of verbally abusing over 10 former and present workers of Korean Air’s parent company or physically.
The younger kid, Cho Hyun-min of cho was investigated by state prosecutors for possible attack for allegedly hurling a cup of water in a business meeting. No charges have been filed.
Cho Yang-ho was also the chairman of the Hanjin Group, a worldwide transport conglomerate of dozens of organizations that comprises the airline.
He had been included with the bidding process and trainings for the 2018 Winter Olympics headed the organizing committee for two years and held at South Korea’s ski resort town of Pyeongchang before stepping down in 2016.
Cho’s resignation was originally called voluntary, however, he later said he abandoned the committee under”unfair” pressure from the government of former conservative President Park Geun-hye. An Olympic construction deal had been rejected by the committee for a company that had a firm partnership of both Park with a longtime friend Choi Soon-sil and mentor.
Park is currently serving a prison sentence over multiple corruption charges.
South Korean prosecutors indicted Cho past October on charges, such as evading taxes and pocketing thousands of dollars through embezzlement and breach of confidence. His trial had been expected to begin in the coming weeks.
Cho was convicted of tax evasion from 2000, facing charges with brother and his dad. The Chos were charged by evading taxes and receiving countless cash when they bought planes from Airbus and Boeing. The taxation reform came after the nation’s president criticized Korean Air safety record.
The Cho household scandals have improved public criticism about the country’s”chaebol,” a privileged set of family-owned conglomerates which were tied to corruption and exploitive behavior. Korean Air shareholders’ effective removal of Cho from the board of the company was seen as a milestone in a country that has been criticized for its enforcement of corporate-governance rules on businesses.
Present South Korean President Moon Jae-in has pledged to curtail the excesses of the chaebol. However, bad information seems to have softened the government’s strategy to these companies, which dominate the country’s economy and therefore are crucial to Moon’s plans for job creation.
Cho is survived by his wife, a son, two daughters and five grandchildren.