The late Yang-ho Cho chairman Hanjin received a service plaque from the Korean-American Business Council … Won-Tae Cho, Assistant Manager Award

▲ Hanjin Group Chairman Cho Won-tae received a service plaque in place of the late Chairman Cho Yang-ho. Ⓒ Korean Air

The late chairman of the Hanjin Group, Yang-ho Cho, received a service plaque from the Korea-US Business Council for his contribution to promoting friendship between Korean and American business circles.

Cho Won-tae, Chairman of the Hanjin Group, won the plaque of merit on his behalf.

President Cho said, “I am grateful to recognize my father’s contributions to the Korean-American Business Conference on behalf of the business world in Korea and the United States.”

The Korea-US Business Council It is the main body for discussing economic cooperation at the private level, co-organized by the National Federation of Entrepreneurs and the US Chamber of Commerce. Since its creation in 1988, it has contributed to strengthening economic cooperation and the joint response to trade problems between Korea and the United States.

President Yang-ho Cho is considered to have led to a win-win development and promotion of friendship between the two countries by playing an active role as a bridge between the economic circles of the two countries. In particular, the purchase of 27 aircraft from US Boeing, even in the difficult situation of the 1998 financial crisis, set a precedent for friendly cooperation between Korean and US companies.

In 2000, four airlines, including Korean Air, Air France, and Aeroméxico, along with Delta Air Lines of the United States, led the launch of SkyTeam, an airline alliance. On the basis of long-term cooperation with Delta Airlines, in May 2018 it launched a joint venture on the Pacific route, laying the foundation for mutual growth between the two airlines.

Meanwhile, in November last year, President Yang-ho Cho received the ‘2019 Van Fleet Award’ from the Korea Society, a friendly non-profit non-profit organization, in recognition of his contribution to developing relationships. bilateral.