The chairman of Hanjin Group Cho Yang-ho (70) lost control of Korean Air, the core affiliate of the group.

Korean Air held its 57th general shareholders' meeting on the 5th floor of the Korean Air Building in Gangseo-gu, Gangseo-gu, Seoul on the morning of December 27, and voted on four proposals, including the appointment of Jo as the internal director.

Cho's intention to vote for president was rejected by 64.1 percent of the respondents and 35.9 percent of the respondents.

Korean Air's Articles of Incorporation stipulate that the appointment of an internal director should be approved by two-thirds of the shareholders present.

In 1999, after his father, Cho Jung - hoon, became chairman of Korean Air in 1999, he lost control of the company in 20 years.

Korean Air has a 33.35% stake in the company, including Jo Han-jin and Hanjin Kal (29.96%).

The second largest shareholder, the National Pension, owns 11.56 percent of the company, 20.50 percent of foreign shareholders, and 55.09 percent of other shareholders. The other shareholders include institutions and minority shareholders.