Father of Korean Air 'nut rage' executive ousted from board

Shareholders reject re-election of Chairman Cho Yang-ho over embezzlement charge

KIM JAEWON, Nikkei staff writer

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.

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