Hanjin Group chairman Cho Yang-ho has died at the age of 70.
Group company Korean Air said in a statement he had passed away in Los Angeles on Sunday, without providing further details.
Cho succeeded his father in 2003 as head of the Hanjin Group.
But his later years were mired in controversy as Hanjin Shipping collapsed in 2016 and Cho faced charges of corruption.
He denied all charges, but the scandal caused him to be ousted from the Korean Air board in March.
His son Cho Won-tae, Korean Air's president, is expected to succeed him as chairman, the Financial Times said.
Cho had remained chairman, which is a non-board role, even after shareholders removed him from the board.
He had expressed his intent to continue participating in management.
It was reported in 2016 that Cho was ready to pump some of his personal wealth into Hanjin Shipping to rescue it.
