Corporate watchdog probing unfair biz practices at Korean Air

24 April, 2018, 06:02 | Author: Clarence Schmidt
  • Korean Air Heiresses, One Known for 'Nut Rage,' Lose Their Jobs

Mr. Cho, the company chairman, apologized in a statement on Sunday: "I am deeply sorry that problems connected to my family have anxious the people and employees of Korean Air", he said.

According to the sources, the Fair Trade Commission (FTC) has conducted an on-site probe into the airline's in-flight duty free business to look into whether founding family members have reaped unfair profits.

Chairman of Hanjin Group and Korean Air Cho Yang-ho said his two daughters Cho Hyun-min, 35, and Cho Hyun-ah, 43, will depart all posts at the Hanjin conglomerate, effective immediately.

Her younger sister, Cho Hyun-min, who also goes by Emily Cho, followed in her footsteps last month when she allegedly verbally abused and threw water at an employee of the airline's advertising agency during a business meeting, Yonhap reported.

Cho Hyun-ah, also known as Heather Cho, rose to global infamy in 2014 after an incident at John F. Kennedy International Airport that has since been dubbed "nut rage".

Her elder sister, Hyun-ah, was jailed in 2014 after she'd ordered a Korean Air plane to return to its gate at a NY airport because she was angry over the way she had been served nuts in first class.

On Sunday, the chairman removed his two daughters from all their posts at the airline and its affiliates. She denied throwing water in a colleagues face, saying she instead threw it on the floor.

"I am deeply sorry that problems connected to my family have anxious the people and employees of Korean Air", he said.

Korean Air whistle-blowers have also accused the Cho family of illegally bringing in luxury items from overseas, disguising them as company goods to avoid tariffs and to save transport expenses.

Police have launched an investigation into the allegations against Cho Hyun-min.

The notorious heiress was jailed but had returned to work as an executive of Korean Air's hotel affiliate in March.

Cho Yang-ho also issued an apology for his daugters' behavior amid growing anger throughout South Korea against the the family-run conglomerates, known as chaebol, which dominate the country's economy.

The NPS holds 12.6 per cent while foreign investors hold 17 per cent stake in Korean Air, which is valued at 3.1 trillion won (S$3.8 billion). He also promised to increase the power of the company's board of directors.



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