CompaniesFather of Korean Air 'nut rage' executive ousted from board
Shareholders reject re-election of Chairman Cho Yang-ho over embezzlement charge
Cho Yang-ho, chairman of Korean Air Lines, arrives at a hearing to review a charge of embezzlement in Seoul on July 5, 2018. (AP Photo/Ahn Young-joon) © AP
KIM JAEWON, Nikkei staff writer
March 27, 2019 12:05 JST
Updated on March 27, 2019 14:39 JST
SEOUL -- Korean Air Lines Chairman Cho Yang-ho was ousted from the boardroom of the country's largest airline on Wednesday and forced to resign as its chief executive as more than a third of shareholders opposed his re-election due to an embezzlement allegation against him.