45th Anniversary

Cho Yang-ho, chairman and CEO of Korean Air.
Cho Yang-ho, chairman and CEO of Korean Air.

 

Celebrating the 45th anniversary of its founding, Cho Yang-ho, chairman of the Hanjin Group, emphasized the founding ideas of “making Korea the global leader in the international transportation industry,” and said, “In five years when we mark our 50th anniversary, we will jump up to be a top-notch airline.” 

Cho stressed, “The founding idea means the company’s social responsibility and contributions to the country. When all the employees in Korean Air work towards a common goal with one accord, we will surely be able to pull off the vision for the 50th anniversary.”       

As the chief organizer of the 2018 PyeongChang Olympics, he said, “As there is no guarantee that an Olympic medalist can win a medal in the next Olympics, the business environment is changing every day. Don’t be content with the present, but develop our competitiveness ourselves.”

As Korean Air is continuously introducing the next-generation high efficiency planes, it will increase the number of planes to more than 180 by 2019.  

The company is also planning to expand the flights to 140 cities around the world by 2019, actively targeting the global airline market. 

Korean Air was established in 1969, taking over the government-run Korean Air Lines with eight airplanes. In the 1970s, it opened air lines to the Pacific, Europe, and Middle East, helping Korean industries spread throughout the world. In particular, Korean Air led the establishment of the global airline alliance SkyTeam in 2000, becoming a leader in the international aviation industry.

Cho joined Korean Air in 1974 and worked in business departments including maintenance, materials, planning, IT, and sales. He was named president in 1992, chairman of Korean Air in 1999, and chairman of the Hanjin Group in 2003.

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