KOREAN AIR CONTINUES MANAGEMENT SHUFFLE
Korean Air Lines Co. Ltd., South Korea’s national carrier, reshuffled 25
executives as the airline attempts to overcome a series of accidents.
In April, 29 top executives resigned, taking responsibility in the wake
of a series of accidents, including the crash of an MD-11 outside Shanghai.
Those executives stepping down included chairman Cho Choong-hoon.
Cho’s eldest son, Cho Yang-ho stepped down as president, and was
replaced by Shim Yi-taek, though Cho stayed on as chairman of external
affairs, with no responsibility for direct management.
The Korean government is expected to impose additional restrictions on
Korean Air. The government had reduced Korean Air’s domestic flights for
several months prior to the accident, for safety reasons.