Korean Air shares drop; Prosecutors to summon chief for questioning - sources

Jin Air Co

27/06/2018 03:34

** Shares of Korean Air Lines Co Ltd  003490.KS  fall as
much as 2.8 pct 
    ** Chairman Cho Yang-ho will be summoned for questioning on
Thursday by state prosecutors - media report http://english.yonhapnews.co.kr/news/2018/06/27/0200000000AEN20180627002800315.htmls
 
    ** Reports come amid state prosecution's probe into
suspected tax evasion, embezzlement and breach of trust by
members of the airline's founding family   urn:newsml:reuters.com:*:nL3N1T21Q0
    ** A prosecution official and another source tell Reuters
Cho will be summoned for questioning on Thursday
    ** Korean Air declined to comment
    ** Shares of Jin Air Co Ltd  272450.KS , a budget carrier
affiliate of Korean Air, drop 4.6 pct
    ** Reports that Cho will be summoned have caused the shares
of Korean Air and Jin Air to fall, says Kim Ye-eun, an analyst
at IBK Securities


 ((Heekyong.Yang@thomsonreuters.com; +82 2 3704 5647; Reuters
Messaging: heekyong.yang.thomsonreuters.com@reuters.net))