SEOUL -- Asiana Airlines boss Park Sam-Koo is stepping down as chief executive of South Korea's second biggest carrier, and as chairman of its parent Kumho Asiana Group, after an accounting scandal which left the airline's shares suspended earlier this week.
Park's resignation is now expected to unlock creditor support for a restructuring of the heavily-indebted carrier. Two local credit ratings agencies recently warned the company's total debt - at 7.1 trillion won in December could be relegated to junk status after auditors qualified the company's 2018 accounts.
