Walter Cho | |
---|---|
Cho Won-tae | |
Born | |
Education | University of Southern California |
Employer | Hanjin Group |
Parent(s) | Cho Yang-ho and Lee Myung-hee |
Korean name | |
Hangul | 조원태 |
Hanja | 趙源泰 |
Revised Romanization | Jo Wontae |
McCune–Reischauer | Cho Wŏntae |
Cho Won-tae (born 25 January 1976), also known as Walter Cho, is a South Korean businessman. Walter Cho is the Chairman and Chief Executive Officer of Hanjin Group and Korean Air. He is a member of the International Air Transport Association (IATA) Board of Governors and Chairman of the SkyTeam Alliance Board.
Cho was born in Seoul on 25 January 1976. [1] He is the son of former Hanjin Group chairman Cho Yang-ho, and the grandson of group founder Cho Choong-hoon . He has two sisters: Cho Hyeon-ah (also known as Peanut Cho) and Cho Hyeon-min (also known as Emily Cho). [2] [3] in Massachusetts. [1] [4] [5] He subsequently received an MBA from the University of Southern California in Los Angeles.[ citation needed ] For his mandatory military service, he completed alternative service under the Skilled Industrial Personnel program.
Cho joined Hanjin Group, the parent company of Korean Air, in 2003. [1] He became the vice-president of Hanjin Information Systems & Telecommunication, and then in 2004 was transferred to Korean Air, where he became the vice-manager of the planning team within the operations and strategy department. [6] He was promoted to head of the procurement department in January 2006, and then to assistant director in December of that year. [7] [8] He received a further promotion in December 2007. [9] He later became the chief operating officer of Korean Air. [2] In the aftermath of his sister Heather's 2015 resignation over the nut rage incident, he took over management responsibility for other areas of Korean Air's business which she had previously overseen, including hotels and catering, in what was widely seen as a confirmation that he would inherit control of the company. [10] He was named the company's president in January 2017. [11] Cho concurrently held a number of other posts at Hanjin Group affiliates, including Hanjin Kal, Jin Air, Uniconverse, and the aircraft ground handling company Korea Airport Service, but resigned from those positions in 2017, in a move which Korean Air stated would improve management efficiency within the company. [12]
He became chairman and CEO of Hanjin and Korean Air in April 2019. [13] Cho was elected as a member of the International Air Transport Association (IATA) Board of Governors at the 2019 IATA General Assembly, which was organized in Seoul in June. [14] He was also elected as chairman of the Skyteam Alliance board in June 2019. [15]
The 17 December 2020, Cho Won-tae received the "médaille d'honneur des affaires étrangères de la France" for his active participation for the repatriation of French citizen from South-Korea to France during the COVID-19 crises by using Korean Air. [16]
Korean Air Co., Ltd., operating as Korean Air, is the largest airline and flag carrier of South Korea based on fleet size, international destinations and international flights. The airline's global headquarters is located in Seoul, South Korea. The present-day Korean Air was established on March 1, 1969, after the Hanjin Group acquired government-owned Korean Air Lines, which had operated since June 1962. Even though Korean Air is owned by Hanjin Group, it is majority controlled by Hanjin KAL Corporation, The owner family of Hanjin Group is still the airline's largest and controlling, shareholder; Cho Won-tae, its current chairman and CEO, is the third generation of the family to lead the airline. As of 5 June 2020, Hanjin KAL holds 29.27% of Korean Air shares. Korean Air is a founding member of the airline alliance SkyTeam and SkyTeam Cargo.
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