S.Korea's pension fund to partake in management of Korean Airlines' parent

Photo: Reuters

South Korea’s National Pension Service (NPS) said it will actively assert its rights as a shareholder and participate in the management of Hanjin Kal Corp , parent of the country’s flagship carrier Korean Air Lines.

The decision by the world’s third-largest pension fund comes at a time when Korean Air Chairman Cho Yang-ho is facing trial on charges of embezzlement and breach of trust and when the airline’s image has been hit by actions of his family members.

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