Walter Cho, Chairman and CEO of Korean Air and Hanjin Group, was awarded the Top Management Award by the Korean Academic Society of Business Administration (KASBA) on August 13.
This honor recognizes his successful leadership of the airline through the pandemic, including the acquisition of Asiana Airlines, as well as his proactive environmental, social and governance (ESG) efforts. Walter Cho follows in the footsteps of his father and grandfather, who also received this prestigious award.
KASBA particularly highlighted Cho's ability to make strategic decisions in times of crisis, such as the rapid conversion from passenger to cargo aircraft during the COVID-19 pandemic. Under his leadership, Korean Air has modernized its fleet with fuel-efficient aircraft and expanded the use of sustainable aviation fuel (SAF). Cho's commitment to fostering a collaborative and flexible corporate culture and his investments in innovative aerospace technologies such as urban air mobility (UAM) and unmanned aerial vehicles (UAV) were also praised.
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