Cho Won-tae

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.

Walter Cho
Cho Won-tae
Born (1976-01-25) 25 January 1976
EducationUniversity of Southern California
EmployerHanjin Group
Parent(s)Cho Yang-ho and Lee Myung-hee
Korean name
Hangul
조원태
Hanja
趙源泰
Revised RomanizationJo Wontae
McCune–ReischauerCho Wŏntae

Early life

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 Hyun-min and Cho Hyun-ah (also known as Heather Cho).[2][3] He attended Marian High School in Massachusetts.[1] He went on to a two-year college in the United States, where he earned a grade-point average of 1.67 and received 33 course credits. He then returned to South Korea in 1998 to continue his studies at Inha University, which is run by a foundation established by the Hanjin Group. Inha University amended its entrance requirements so that Cho could transfer in as a third-year student.[4][5] He subsequently received an MBA from the University of Southern California in Los Angeles. For his mandatory military service, he completed alternative service under the Skilled Industrial Personnel program.[6]

Career

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.[7] He was promoted to head of the procurement department in January 2006, and then to assistant director in December of that year.[8][9] He received a further promotion in December 2007.[10] 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.[11] He was named the company's president in January 2017.[12] 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.[13]

He became chairman and CEO of Hanjin and Korean Air in April 2019.[14] 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.[15] He was also elected as chairman of the Skyteam Alliance board in June 2019.[16]

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.[17]

References

  1. [Park Kyung-hoon] (11 October 2017). "[Who Is ?] 조원태 대한항공 사장" [Who is Korean Air president Cho Won-tae?]. Business Post. Retrieved 17 September 2018.
  2. "Cho Won-tae appointed president of Korean Air in wake of 'nut lady' scandal". The Loadstar. 6 January 2017. Retrieved 17 September 2018.
  3. "Korean Air 'nut rage' sisters step down". BBC News. 22 April 2018. Retrieved 17 September 2018 via www.bbc.co.uk.
  4. "Revoked degree". Korea Broadcasting System. 12 July 2018. Retrieved 17 September 2018.
  5. "Inha told to cancel KAL chief's degree". JoongAng Ilbo. 12 July 2018. Retrieved 17 September 2018.
  6. "30대 그룹 후계자 10명 중 3명 군대 안 갔다" [Three out of 10 corporate group successors didn't go to the army]. Sisa Press. 15 July 2015. Retrieved 17 September 2018.
  7. "[재계라운지] 조양호회장 아들 KAL로" [[Finance Lounge] Cho Yang-ho's son joins KAL]. Maeil Business Newspaper. 14 October 2004. Retrieved 17 September 2018.
  8. "조양호 회장 장남 조원태씨, 대한항공 부장으로 승진" [President Cho Yang-ho's eldest son Cho Won-tae promoted to department head within Korean Air]. Seoul Shinmun. 4 January 2006. Retrieved 17 September 2018.
  9. "조양호회장 아들 조원태 상무보로 승진" [President Cho Yang-ho's son promoted to assistant director]. Yonhap. 28 December 2006. Retrieved 17 September 2018.
  10. "대한항공, 조양호 회장 아들·딸 승진" [Korean Air president Cho Yang-ho's son and daughter promoted]. Money Today. 14 December 2007. Retrieved 17 September 2018.
  11. Lee, Hyo-sik (12 January 2016). "Korean Air accelerating 3rd-generational succession". The Korea Times. Retrieved 17 September 2018.
  12. "Cho Won-tae named president of Korean Air". The Korea Herald. 6 January 2017. Retrieved 17 September 2018.
  13. Won, Ho-jung (15 June 2017). "Korean Air chief to resign from all other posts". The Korea Herald. Retrieved 17 September 2018.
  14. "UPDATE 1-Korean Air parent appoints heir apparent Cho Won-tae as new chairman". Reuters. 2019-04-24. Retrieved 2019-11-28.
  15. IATA. "Membership of the Board of Governors". www.iata.org. Retrieved 2019-11-28.
  16. "SkyTeam Announces Walter Cho, Chairman and CEO of Korean Air, as Chair of its Alliance Board". www.skyteam.com. Retrieved 2019-11-28.
  17. https://fr.yna.co.kr/view/AFR20201218001300884?section=international/index
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