The Korean Air Co., Ltd., operating as Korean Air, is the largest airline and flag carrier of South Korea based on fleet size, international destinations and international flights. The airline's global headquarters is located in Seoul, South Korea. The present-day Korean Air was established on March 1, 1969, after the Hanjin Group acquired government-owned Korean Air Lines, which had operated since June 1962. Even though Korean Air is owned by Hanjin Group, KAL is controlled by majority of Hanjin KAL Corporation. The owner family of Hanjin Group is still the airline's largest and controlling, shareholder; Cho Won-tae, its current Chairman and CEO, is the third generation of the family to lead the airline. As of 5 June 2020, Hanjin KAL holds 29.27% of Korean Air shares. Korean Air is a founding member of the airline alliance SkyTeam.
