Scandal-prone ex-Korean Air chairman dies weeks after being ousted

© Brad Calkins

The former chief of Korean Air, Cho Yang-ho, died this morning, just weeks after he was ousted from the business after 27 years. Now, his death could result in a battle for control of  Hanjin Kap Corp. The family will have to pay inheritance tax amounting to the value of about half of Mr Cho’s 17.8% stake in the company. Mr Cho’s only son, current KAL president Cho Won-tae, is expected to be his successor, said Reuters.

�

�