Kumho Chairman Park to Step Down

Less than a year after taking on the role of Kumho Asiana Group chairman, Park Chan Bup is said to be stepping down due to health reasons. Bloomberg reports that 65-year old Park will become an adviser to the Asiana Airlines business unit upon leaving his current position on July 31. Bloomberg says an e-mailed statement from Kumho Asiana advises that a replacement for Mr. Park has not yet been selected.