[AI] Park Sam-koo's decision to step down...'I hope to restore financial market's trust in Asiana Airlines.'

By Park Sae-jin Posted : March 28, 2019, 16:21 Updated : March 28, 2019, 16:31

[Yonhap Photo]


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SEOUL -- Kumho Asiana chairman Park Sam-koo decides to put down the position of group president, CEO, and registered director.

Kumho Asiana Group Chairman Park Sam-koo has decided to step down from his position as the company's CEO and other registered board positions in order to quickly restore Financial market's trust in Asiana.

According to Kumho Asiana Group on Thursday, Park will lay down his position as chairman of the group and CEO and registered board of directors of two affiliated companies -- Asiana Airlines and Kumho Industrial -- to take responsibility as the group's head for causing financial market turmoil related to Asiana Airlines' 2018 audit report.

Park reportedly have met with KDB Industrial Bank Chairman Lee Dong-geol on Wednesday and explained his sincerity about Asiana Airlines' early normalization of management.

Kumho Asiana Group and its major shareholders plan to make every effort to normalize Asiana Airlines' management as soon as possible at any cost, operate the group's emergency management committee system led by vice chairman Lee Won-tae for the time being so that there will be no managerial vacuum in the group, and soon recruit reputable outside figures as the group chairman.

"Chairman Park Sam-koo has decided not to evade his responsibility for the turmoil he has caused as a major shareholder," said an official at Kumho Asiana Group.
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