Hanjin Group Chairman Cho Yang-ho passes away at 70
Julia Tan, April 8, 2019, 9:47 a.m.
Hanjin Group chairman Cho Yang-ho died suddenly in Los Angeles, California on Sunday, only days after he was ousted from the board of family-run Korean Air as a raft of scandals engulfed his family. He was 70.
According to the flag carrier, Cho had been suffering from pulmonary complications and had been treated in a private villa in Newport Beach in southern California since December last year.
Born in Incheon in 1949 as the first son of Hanjin Group founder Cho Choong-hoon, he joined Korean Air in 1974 and served as the airline's president since 1992. He was named Hanjin Group vice chairman in 1996 and chairman in 2003.
His reign was dogged in later years by the collapse of Hanjin Shipping, a ream of scandals including luxury-goods smuggling and chronic anger-management problems by his immediate family, as well as tax evasion and embezzlement allegations.
In 2016 he abruptly resigned from the organizing committee for the 2018 Pyeongchang Olympics despite successfully shepherding the city's bid though the notoriously murky selection process.