Tuesday, August 13, 2024 Walter Cho, the Chairman and CEO of Korean Air and Hanjin Group , was honored with the prestigious management award from the Korean Academic Society of Business Administration (KASBA) during their 39th annual ceremony in Gyeongju on August 13. This recognition not only marks a significant personal achievement for Cho but also continues a family tradition of excellence, aligning him with past laureates including the company’s founder, Choong-hoon Cho, and former Chairman Yang-ho Cho. Founded in 1987, KASBA is a premier academic body in Korea that annually acknowledges business leaders who have demonstrated outstanding innovation and managerial prowess, contributing significantly to the nation’s economic advancement.
Walter Cho’s award-winning leadership has been particularly noted for his adept handling of the global aviation downturn during the 2020 pandemic and his strategic acquisition of Asiana Airlines, which bolstered the stability and growth of Korea’s aviation sector. Additionally, his commitment to environmental, social, and governance (ESG) principles and community engagement has been highly praised by KASBA. “Hanjin Group’s commitment to advancing the nation’s growth through transportation has been recognized once again,” said Walter Cho at the awards ceremony.
“Looking ahead, our goal is to continue laying a strong foundation for growth in our industry and society, driving progress and making a positive impact.” Walter C.