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bassexpander
Joined: 13 Sep 2007 Location: Someplace you'd rather be.
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Posted: Sun Dec 16, 2007 1:57 am Post subject: Korea sending a message: Blatant lies by candidates are OK |
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Have you guys caught this? We saw it playing from a truck from the Liberal opposition candidate (#1) near our house. We thought it was odd to see Lee Myung Bak on video in the opposing candidate's truck.
Seems they found a tape of Lee Myung Bak directly stating -- bragging, in fact, that he started BBK. Where was this tape a few weeks ago when it mattered?
In case you don't know what BBK is, as the article states, "BBK is believed to be the origin of the massive financial scam which affected over 5,000 investors, and incurred losses of over 60 billion won. "
It's truly amazing what can be ignored these days, or called false. This guy was just cleared in a court of law of any wrongdoing with this company, which is to say he was not the founder. But here you have the guy blatantly saying directly to the camera:
"I founded an asset management firm called BBK in January this year. I also obtained a preliminary approval from the government for the establishment of a cyber securities firm to carry out work needed for the company (BBK)."
And they're saying that the video was "taken out of context."
Really, it amazes me. I don't like the opposition much, but if this guy gets elected, Korea will really look bad. The favorite to win the national election is someone whose company is labeled as scamming 5,000 investors out of some 60 billion won.
And the guy's likely going to win.
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The dispute over presidential frontrunner Lee Myung-bak's possible link to a financial scam took a new twist yesterday after his rivals released video footage in which he publicly states that he established the investment fund at the center of the scandal.
State prosecutors on Dec. 5 cleared Lee of involvement with BBK, which was run by his former business partner, Kim Kyung-joon. Lee has repeatedly claimed that he had no ties with the company.
Only three days before the election, the liberal United New Democratic Party disclosed a 150-second clip from a two-hour video recording of a speech he gave at a local university in 2000.
"I founded an asset management firm called BBK in January this year. I also obtained a preliminary approval from the government for the establishment of a cyber securities firm to carry out work needed for the company (BBK)," said Lee in the video.
Lee Myung-bak, presidential candidate of the Grand National Party, meets representatives of the Korean community in Japan at the party`s headquarters in Seoul yesterday.
"Although BBK started this year, we generated profits of 28.8 percent at the end of September," he added. He was speaking at a seminar for businessmen at Seoul's Kwangwoon University on Oct. 17, 2000.
His competitors, including Chung Dong-young of the UNDP and independent Lee Hoi-chang, have demanded that he withdraw from the presidential race.
BBK is believed to be the origin of the massive financial scam which affected over 5,000 investors, and incurred losses of over 60 billion won.
The Grand National Party dismissed this footage as "not true or possibly fabricated." The video owner, surnamed Kim, was arrested by the police yesterday morning on charges of attempting to extort a large sum by threatening the GNP.
"In the process of promoting Lee's then-business partner, (Lee) just used incorrect expressions. That could cause some misunderstandings, but nothing new. That was already suggested before during the primary. The suspect is a video expert, so there is a possibility that (the footage) could have been manipulated," Hong Joon-pyo, head of GNP Clean Politics Commission, told reporters yesterday.
"Moreover, BBK was established in April 1999, but he says it was founded in January 2000. The content in the clip is completely different from the real truth," he added.
Hong also raised the possibility of a backroom deal leading to the release of such a clip, with just three days left before the election.
"Rumor has it that some UNDP lawmaker suggested the offer of 3 billion won for the CD, and the money offer went up to 10 billon," said Hong.
Kang Sam-jae, head of the campaign team for independent presidential hopeful Lee Hoi-chag said, "Candidate Lee Myung-bak's claims proved to be an outright lie. It also turned out that prosecutors who cleared Lee of all charges colluded with (him). Lee must take responsibility for this even after he becomes president."
Prosecutors said the video would not affect their investigation conclusions.
"That BBK was founded solely by Kim Kyung-joon has been objectively verified. What matters to the prosecution is who was the owner of BBK. We are not in a position to comment on (Lee's) ethical issues," said Kim Hong-il, the prosecutor who led the one-month probe into the BBK case.
The UNDP has pushed for a bill calling for an independent prosecutor to look into the financial scandal after prosecutors cleared Lee of the charges. The bill provoked a violent brawl at the National Assembly on Friday, with over 100 opposition members barricading the conference room so as to sabotage the passage of the bill. Parliamentary speaker Lim Chae-jeong quelled the standoff and promised to put the bill to a vote until sometime after today.
Another UNDP-led bill -- seeking the impeachment of three prosecutors who led the probe into the BBK fraud case -- was automatically scrapped, as it was not voted on the floor until after the parliamentary time limit of 2 p.m. on Saturday.
Kim Jeong-sul, a legal counsel for Lee Hoi-chag and other UNDP lawmakers, obtained the video clip from the arrested 54-year-old man yesterday morning.
"I got a phone call from a person who said he was arrested by the police while he was negotiating a deal with the Grand National Party. Along with some others from the UNDP, I went to the police and asked for the video clip, but the police refused to show it to us," Kim Jeong-sul told The Korea Herald.
"We got another clip from his office in Jamsil. We presented the clip to the people so that they can judge the content," he added.
By Song Sang-ho
([email protected]) |
I suppose we could look at this in another way. Perhaps Koreans are sooo sick of Noh Mu Hyeon's party and what they've done over the past several years that they are willing to elect just about anybody but another liberal like Noh. |
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asylum seeker
Joined: 22 Jul 2007 Location: On your computer screen.
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Posted: Sun Dec 16, 2007 8:47 am Post subject: |
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Thats some pretty scary shit. If its true then it seems the chaebol old-boy network is still well and truly running the country. I think a big reason for Noh's unpopularity is the fact that most of the media here seems to have come from the media's relentless negativity towards him possibly because he didn't have enough chaebol connections. |
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Passions

Joined: 31 May 2006
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Posted: Sun Dec 16, 2007 11:44 am Post subject: |
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Koreans tacitly know he was involved in BBK and a liar.
But the man will change Korea's economy. He has transformed Hyundai and he can transform Korea into a economic powerhouse.
That is why Koreans will elect him as president. They will sweep his sins under the rug as long as he will provide them jobs.
Think about it. That's the Korean way. It's not how you get the job done, just as long as you succeed. Barry Bonds would be a god in Korea. |
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The_Eyeball_Kid

Joined: 20 Jun 2007
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Posted: Sun Dec 16, 2007 1:59 pm Post subject: |
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asylum seeker wrote: |
Thats some pretty scary *beep*. If its true then it seems the chaebol old-boy network is still well and truly running the country. I think a big reason for Noh's unpopularity is the fact that most of the media here seems to have come from the media's relentless negativity towards him possibly because he didn't have enough chaebol connections. |
Why would you assume for one single second that it's not? |
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bassexpander
Joined: 13 Sep 2007 Location: Someplace you'd rather be.
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Posted: Sun Dec 16, 2007 2:07 pm Post subject: |
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May be some truth to what you guys say. As mayor, Lee Myung Bak was the guy responsible for the bus system changing a few years back, and the renovation of Cheonggye-chon. Both were good for Seoul.
I can't help but feel that Koreans would be saying, "Go ahead and steal whatever you want from the country. Just make us rich."
But what happens if he steals and doesn't make them rich?
I have heard he wants an end to the "Sunshine Policy," and that he is a Chaebol-boy. That's interesting, because I always thought the Chaebols were in behind the Sunshine Policy in the first place.
Confusing. |
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Mr. Pink

Joined: 21 Oct 2003 Location: China
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Posted: Sun Dec 16, 2007 3:14 pm Post subject: |
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For most of you reading these boards:
A President who makes more Koreans rich = gives more opportunities for private lessons, as more parents will have money to do that.
A President who doesn't mess with the education system like Noh - you know the guy who wanted to make hawgwons illegal - that is better as jobs will increase, rather than decrease.
The guy is like most Koreans at the top of the food chain: they lie, they cheat, they bribe and do what they want. As long as the guy does more good deeds than bad, the Korean people will forgive him. |
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mindmetoo
Joined: 02 Feb 2004
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Posted: Sun Dec 16, 2007 3:31 pm Post subject: |
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Yeah, that's about it. Korea has the world's highest child mortality rate in the developed world due to accidents. I mean parents literally look out the window and see motorcycles weaving between their 8 year olds on the sidewalk and raise neither a hue nor a cry. Just turn a blind eye.
Of course, foreigners are a clear and present danger to children and Korea needs to move heaven and earth to stay this threat. |
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The_Eyeball_Kid

Joined: 20 Jun 2007
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Posted: Sun Dec 16, 2007 3:39 pm Post subject: |
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bassexpander wrote: |
May be some truth to what you guys say. As mayor, Lee Myung Bak was the guy responsible for the bus system changing a few years back, and the renovation of Cheonggye-chon. Both were good for Seoul.
I can't help but feel that Koreans would be saying, "Go ahead and steal whatever you want from the country. Just make us rich."
But what happens if he steals and doesn't make them rich?
I have heard he wants an end to the "Sunshine Policy," and that he is a Chaebol-boy. That's interesting, because I always thought the Chaebols were in behind the Sunshine Policy in the first place.
Confusing. |
They're behind it but only on their own terms. |
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Captain Corea

Joined: 28 Feb 2005 Location: Seoul
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Posted: Sun Dec 16, 2007 4:21 pm Post subject: Re: Korea sending a message: Blatant lies by candidates are |
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bassexpander wrote: |
This guy was just cleared in a court of law of any wrongdoing with this company, which is to say he was not the founder. But here you have the guy blatantly saying directly to the camera: |
Actually, it is my understanding that this never went to court. But instead, it was the prosecutors who were unable to get enough evidence linking him to wrongdoing. If I remember correctly, they tried to get a warrant to question him, but were turned down due to lack of evidence.
This video is interesting for a number of reasons...
-why was it not given to the prosecution (or was it?)?
-why was it released now, days before the election?
-why did the man try to extort money using this video? |
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Boodleheimer

Joined: 10 Mar 2006 Location: working undercover for the Man
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Posted: Sun Dec 16, 2007 4:36 pm Post subject: |
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let me do my best komerican impression:
___
Bush lies all the time and the American people are okay with it. America is worse than Korea. More liars. It's hard being a Korean in America.
___
whaddaya think? needs a little work? |
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VanIslander

Joined: 18 Aug 2003 Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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Posted: Sun Dec 16, 2007 4:38 pm Post subject: |
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Bush-Cheney were re-elected.
Post-Monica Bill Clinton was STILL poll-after-poll the most popular American president.
Korea has nothing on America. |
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Gwangjuboy
Joined: 08 Jul 2003 Location: England
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Posted: Sun Dec 16, 2007 5:01 pm Post subject: |
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VanIslander wrote: |
Bush-Cheney were re-elected.
Post-Monica Bill Clinton was STILL poll-after-poll the most popular American president.
Korea has nothing on America. |
Having a blowjob from a young intern and embezzling millions of dollars are completely different. Jeong Dong Young suggested that if the same thing happened in the US LMB would be forced to withdraw his candidature; I think he's right. It's worth remembering that Nixon was forced to resigned over a third rate burglary. |
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Captain Corea

Joined: 28 Feb 2005 Location: Seoul
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Posted: Sun Dec 16, 2007 5:03 pm Post subject: |
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Gwangjuboy wrote: |
VanIslander wrote: |
Bush-Cheney were re-elected.
Post-Monica Bill Clinton was STILL poll-after-poll the most popular American president.
Korea has nothing on America. |
Having a blowjob from a young intern and embezzling millions of dollars are completely different. Jeong Dong Young suggested that if the same thing happened in the US LMB would be forced to withdraw his candidature; I think he's right. It's worth remembering that Nixon was forced to resigned over a third rate burglary. |
Yet providing government contract worth billions of dollars to buddies in key industries is ok?
Come on, if you're living in a house built by Halliburton perhaps you shouldn't go around pointing fingers
(I use "you" in a general sense) |
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Gwangjuboy
Joined: 08 Jul 2003 Location: England
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Posted: Sun Dec 16, 2007 5:56 pm Post subject: |
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Captain Corea wrote: |
Gwangjuboy wrote: |
VanIslander wrote: |
Bush-Cheney were re-elected.
Post-Monica Bill Clinton was STILL poll-after-poll the most popular American president.
Korea has nothing on America. |
Having a blowjob from a young intern and embezzling millions of dollars are completely different. Jeong Dong Young suggested that if the same thing happened in the US LMB would be forced to withdraw his candidature; I think he's right. It's worth remembering that Nixon was forced to resigned over a third rate burglary. |
Yet providing government contract worth billions of dollars to buddies in key industries is ok?
Come on, if you're living in a house built by Halliburton perhaps you shouldn't go around pointing fingers
(I use "you" in a general sense) |
In the US a poltician who personally profited from public office or criminal dealings on such a massive scale would be forced to step down. Period. Doubtless big business wields an unnacceptable amount of influence on US politics but the LMB case is not so much about the role of big business in Korea; it's about personally profiting from blatant criminal activity on a huge scale. |
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crusher_of_heads
Joined: 23 Feb 2007 Location: kimbop and kimchi for kimberly!!!!
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Posted: Sun Dec 16, 2007 6:03 pm Post subject: |
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Backward lemmings lining up to bend over... |
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