Suitors move up to starting line for race for Asiana air cargo arm
As Korean Air and Korea Development Bank gear up to select a preferred buyer for ...
Each year seems to bring more despair for Hanjin Group chairman Cho Yang Ho. First his daughter was convicted after a violent outburst aboard one of his aircraft; then his shipping line collapsed. Now, police are seeking a warrant for his arrest. The Straits Times is reporting the Korean mogul is facing charges of breach of trust after a police probe into construction work at his house. In July, authorities raided Korean Air HQ as part of an investigation into misappropriation of company funds to cover renovations at Mr Cho’s home.
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