I have reported on the trial of Kim Woo-Choong, founder and former head of the Daewoo Group. Finally the trial is over and Choong, it seems has much to bear.
The former Daewoo head is sentenced to 10 years for embezzlement, accounting fraud, and various other white-collar crimes.
Choong will serve time in South Korean prison and would have to surrender $22B in addition to a $10,600 fine. The remorseful man will be returning money from his bank account too.
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10 years jail term for the former Daewoo chief
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