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Korean Job Discussion Forums
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igotthisguitar
Joined: 08 Apr 2003
Location: South Korea (Permanent Vacation)
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 Posted: Mon Jun 13, 2005 4:29 pm Post subject: Daewoo Fugitive Arrested on Return |
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Daewoo fugitive arrested on return
Monday, June 13, 2005 Posted: 2357 GMT (0757 HKT)
Kim arrives at the Supreme Prosecutors office in Seoul Tuesday.
INCHON, South Korea (Reuters) -- The man who built Daewoo into a global corporate powerhouse, and fled South Korea when it collapsed with debts of $70 billion, returned home on Tuesday and was immediately arrested at the airport.
Kim Woo-choong, 69, returned almost six years after the collapse of Daewoo, one of South Korea's powerful chaebol, or family-owned conglomerates.
Prosecutors have said he will most likely face fraud charges for his suspected role in Daewoo's downfall.
Kim was surrounded by law enforcement officials and prosecutors even before stepping off a plane from Vietnam.
He is ailing, media reports quoted his wife, Chung Hee-ha, as saying.
http://edition.cnn.com/2005/BUSINESS/06/13/daewoo.return.reut/index.html |
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stumptown
Joined: 11 Apr 2005
Location: Paju: Wife beating capital of Korea
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| Posted: Mon Jun 13, 2005 4:32 pm Post subject: |
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Yeah, we all know how justice in Korea is metered out to those of his social ranking and age.
"Promise not to do it again?"
"Yes"
"Ok, you're free to go." |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Mon Jun 13, 2005 4:44 pm Post subject: |
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| stumptown wrote: |
Yeah, we all know how justice in Korea is metered out to those of his social ranking and age.
"Promise not to do it again?"
"Yes"
"Ok, you're free to go." |
And we all know about celebrities in US too, don't we? At least this guy didn't kill anyone or molest children. |
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just because
Joined: 01 Aug 2003
Location: Changwon - 4964
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| Posted: Mon Jun 13, 2005 5:39 pm Post subject: |
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I give him 1 year in jail max....
What happened to the SK dude, how long did he serve??? |
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JacktheCat
Joined: 08 May 2004
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| Posted: Mon Jun 13, 2005 5:48 pm Post subject: |
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That's if he even makes it to trial.
If he opens his mouth he could bring a lot of powerful politicans down.
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Who's Afraid of Kim Woo-choong?
Amid rumors of the imminent return of fugitive former Daewoo president Kim Woo-choong, reporters waylay Kim��s wife at Incheon International Airport on Wednesday afternoon on her way to Europe.
Stories about the fugitive former Daewoo Group president Kim Woo-choong and his possible return to Korea sometime this month are making the rounds of political circles. The gist is that more than a few politicians will find themselves in trouble if the former tycoon, who has been on the lam overseas since the Daewoo Group went belly-up in 1999, comes back and talks.
Uri Party lawmaker Kim Jong-rull, who met Kim in Vietnam, said Wednesday if there were any politicians losing sleep over the former Daewoo chief��s return, their days of glory probably dated from before the Kim Dae-jung administration.
Grand National Party lawmaker Lee Hahn-koo, who used to work for the Daewoo group, on Tuesday said there could be widespread fallout if Kim talks, while Chang Young-dal, a member of the Uri Party��s standing committee, called for a proper investigation of suspicions that Kim gave money to politicians.
There are frantic rumors of a list, naming dozens of politicians who took money from Kim. Some politicians are already said to be going round denying they ever took a won from the former Daewoo chief.
Among the opposition, some claim the ruling party is using Kim��s return to get out of its recent political troubles. They say the ruling party is tacitly encouraging his return, and Kim��s active participation in urban development projects in Vietnam was to build up a justification for it. But the Uri Party��s Kim Jong-rull says his meeting with the fugitive in Vietnam was personal and had nothing to do with politics.
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http://english.chosun.com/w21data/html/news/200506/200506080029.html |
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