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Scandal-hit Korean Air chairman Cho Yang-ho dies at 70, shares soar

Late Korean Air CEO Cho Yang-ho. [AFP] 

The head of South Korea's flag carrier Korean Air, whose family have been embroiled in multiple scandals including an infamous "nut rage" tantrum, has died, the airline said Monday, sending its shares soaring.

Cho Yang-ho, 70, was on trial for corruption and his death comes less than two weeks after he was forced off the board by shareholders amid snowballing scandals surrounding his family members.

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