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S.Korea to punish Korean Air over ‘nut rage’ incident

– ‘Foolish act’ –

Cho is one of three children of Korean Air chief executive Cho Yang-Ho, the patriarch of Hanjin Group.

Cho Yang-Ho apologised publicly over his daughter’s “foolish act” and suggested he should share some of the blame for not bringing her up correctly.

The Seoul Western Prosecutors’ Office probing the case on a separate request by a civic group has summoned Cho to appear for questioning Wednesday afternoon.

The flight, with some 250 other passengers aboard, was being towed toward a runway at John F. Kenny Airport before it returned to the gate to remove the purser, causing an 11-minute delay in arrival.

Analysts said the episode dramatically exemplifies the extraordinarily authoritarian mindset of the children of founding families of the country’s family-oriented business conglomerates, known as “chaebol”.

“The children or grandchildren of the founding families do not treat their company workers as colleagues. They simply view them as their servants”, Chung Sun-Sup, CEO of Chaebul.com, a website that tracks corporate assets and practices, told AFP.

Now mostly in their 30s and 40s, the children or grandchildren of the founders of “Chaebols” have already taken over the helm of their empires, or are about to do so.

“There is a growing concern that key investment decisions… could be made on a whim of chaebol heirs and heiresses whose managerial prowess has not yet been tested,” Chung said.

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“Amid insufficient oversight and checks, this bodes ill for the country’s economy” where the top ten business conglomerates account for over 80 percent of its gross domestic product, he added.

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