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Korean Air CEO's mother, younger sister back him amid family feud

Stock MarketsFeb 04, 2020 12:34AM ET
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SEOUL (Reuters) - Korean Air (KS:003490) CEO Cho Won-tae's mother and younger sister said on Tuesday they support the flag carrier's current leadership headed by Cho.

The expression of support, which was made in a statement, comes amid a family feud between Cho and another sister ahead of a shareholders' meeting in March.

Cho's older sister, Heather Cho, a former Korean Air executive whose "nut rage" incident in 2014 made global headlines, and two other shareholders in Korean Air parent company Hanjin KAL (KS:180640) announced last month they will cooperate to introduce professional managers and put forth proposals at the upcoming shareholders' meeting.

Korean Air CEO's mother, younger sister back him amid family feud
 

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