Tag: Korean Air
The move adds chaos to the airline and tourism industries, which are already grappling with rising competition and falling travel demand to Japan.
The stake acquisition comes a year after the two airlines launched a joint venture.
Cho Yang Ho, 70, meninggal dunia di AS akibat penyakit paru-paru.
Hanjin KAL shares leaped in Seoul, closing 20.6% higher, while Korean Air Lines ended up nearly 2% higher and other affiliates also rose.
Cho Yang-ho was instrumental in transforming the carrier into one of Asia’s biggest.
Cho Yang-ho became the first controlling shareholder of a South Korean conglomerate to be forced off the board.
The airline declined to comment and did not make Cho available for comment.
An angry outburst at a business meeting by Cho's youngest daughter, Cho Hyun-min, sparked public outrage at alleged abuse of power by South Korean family-owned conglomerates, or chaebols, leading to investigations of several of his family members.
It was a rare piece of good news for the family, who have found themselves the object of public anger following a series of scandals.
With a faltering voice and her head down, the youngest daughter of Korean Air Lines' chairman apologised on Tuesday for a recent angry outburst as she made her first appearance for questioning by police over the incident.
Cho Hyun-min reportedly flung water in the direction of an advertising agency employee.
Heather Cho had first been charged with violation of aviation law after forcing a Korean Air flight to return to its gate.
The fighters were sent and escorted the plane to Stuttgart without incident, an airport spokeswoman told German news agency DPA.
All of the 151 passengers on board left the plane safely and without any incident.
Regulations on the use of stun guns or tasers will be changed to allow crew members to use them more aggressively
The singer said he and his wife were flying from the Vietnamese capital Hanoi to Incheon airport, the South's main hub, when a passenger started physically attacking another passenger sitting next to him and the crew members.