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Hanjin family fail to agree on successor

Korean Air parent misses deadline to appoint heir

Turning in his grave: The death of Hanjin-KAL Chairman Cho Yang-ho in April has led to an inheritance tussle between his three children. (Photo courtesy of Korean Air)

SEOUL -- The children of the late Hanjin Chairman Cho Yang-ho failed to reach agreement on who will take the helm at the country's biggest transportation conglomerate which controls Korean Air Lines.

South Korea's Fair Trade Commission said that it would postpone the announcement of the leaders of the country's conglomerates to May 15 from Thursday as Hanjin had yet to submit its application for a new head. The company had been expected to appoint a new leader after Cho died of lung disease in Los Angeles last month.

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