South Korea's National Pension Service says it will vote against Korean Air Chairman ( 's) Cho Yang-ho's reappointment as the director of the board,... citing his track record of "hurting the airline's corporate value".
The NPS, which is Korean Air's second-largest shareholder, said on Tuesday it will oppose a three-year extension of Cho's term on the board,... at a shareholder meeting set for Wednesday.
Three overseas pension funds from Canada and the U.S. have also raised objections on concerns over Cho's independence and legal troubles.
Cho is facing trial on several criminal charges, including embezzlement and breach of trust.