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Troll_Bait
Joined: 04 Jan 2006
Location: [T]eaching experience doesn't matter much. -Lee Young-chan (pictured)
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jeffkim1972
Joined: 10 Jan 2007
Location: Mokpo
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 Posted: Fri Feb 01, 2008 4:31 pm Post subject: |
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Your response contradicts itself. You want to show your disdain for Korea, but it was a Korean that was found guilty.
Not for making a profit, but for manipulating KEB credit card division so that Lone Star could make a larger profit.
it was a Korean on Korean crime. If this guilty party didn't try to suppress the stock price of KEB CC then he probably couldn't get approval to buy the unit from the Lone star headquarters.
Accounting fraud happens all the time in America. More so than Korea.
No foreigner was found guilty. |
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Fri Feb 01, 2008 5:50 pm Post subject: |
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| jeffkim1972 wrote: |
Accounting fraud happens all the time in America. More so than Korea.
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Link? |
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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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| Posted: Fri Feb 01, 2008 10:16 pm Post subject: |
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| jeffkim1972 wrote: |
Your response contradicts itself. You want to show your disdain for Korea, but it was a Korean that was found guilty.
Not for making a profit, but for manipulating KEB credit card division so that Lone Star could make a larger profit.
it was a Korean on Korean crime. If this guilty party didn't try to suppress the stock price of KEB CC then he probably couldn't get approval to buy the unit from the Lone star headquarters.
Accounting fraud happens all the time in America. More so than Korea.
No foreigner was found guilty. |
This is patently ridiculous. Clearly there is more fraud in Korea, as the Justice minister OF KOREA has said himself.
Do you care if people actually take you seriously? |
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thepeel
Joined: 08 Aug 2004
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| Posted: Fri Feb 01, 2008 10:20 pm Post subject: |
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Lone Star is an American company, and this dude is taking the fall. The emotive demands of 'the people' who felt that too much profit was made needed to be appeased.
Korea and "accounting standards" should never be used together in the same sentence. The major chaebol's standards are "Whatever the director said". Camon. |
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Roch
Joined: 24 Apr 2003
Location: Seoul
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| Posted: Sun Feb 03, 2008 2:02 am Post subject: |
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| Isn't Paul Yoo a Korean-American? |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Sun Feb 03, 2008 3:20 am Post subject: |
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| blaseblasphemener wrote: |
| jeffkim1972 wrote: |
Your response contradicts itself. You want to show your disdain for Korea, but it was a Korean that was found guilty.
Not for making a profit, but for manipulating KEB credit card division so that Lone Star could make a larger profit.
it was a Korean on Korean crime. If this guilty party didn't try to suppress the stock price of KEB CC then he probably couldn't get approval to buy the unit from the Lone star headquarters.
Accounting fraud happens all the time in America. More so than Korea.
No foreigner was found guilty. |
This is patently ridiculous. Clearly there is more fraud in Korea, as the Justice minister OF KOREA has said himself.
Do you care if people actually take you seriously? |
The head of the Korean IRS was indited for taking bribes. Jesus. Professors demand "editing fees" from grad students before they accept their dissertations. Professors sell jobs. Professors skim their research grants. There's no argument. Korea has a long way to go in terms of corruption, corporate governance, and transparency. |
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cangel
Joined: 19 Jun 2003
Location: Jeonju, S. Korea
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| Posted: Sun Feb 03, 2008 5:14 pm Post subject: |
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| I don't know the ins and outs of this case but I do know one thing... If I am ever accused of a crime in Korea, that's 2 strikes against me. I do not want to face the judicial system in this country as a foreigner. |
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endo
Joined: 14 Mar 2004
Location: Seoul...my home
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| Posted: Sun Feb 03, 2008 5:41 pm Post subject: |
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| caniff wrote: |
| jeffkim1972 wrote: |
Accounting fraud happens all the time in America. More so than Korea.
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Link? |
I think fraud is more common in South Korea, but America does it on a much grander scale. (Enron, Worldcom) |
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CentralCali
Joined: 17 May 2007
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| Posted: Sun Feb 03, 2008 6:18 pm Post subject: |
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| No foreigner was found guilty...yet. The honcho that traveled here from the US to testify is probably quite sorry he did now. |
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Hater Depot
Joined: 29 Mar 2005
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| Posted: Sun Feb 03, 2008 9:33 pm Post subject: |
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| And he can't even be looking forward to the pardons handed out to the other white-collar criminals who actually do harm the economy. |
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Roch
Joined: 24 Apr 2003
Location: Seoul
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| Posted: Mon Feb 04, 2008 1:54 am Post subject: |
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| Hater Depot wrote: |
| And he can't even be looking forward to the pardons handed out to the other white-collar criminals who actually do harm the economy. |
DOUBLE WORD! |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Feb 04, 2008 1:55 am Post subject: |
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| CentralCali wrote: |
| No foreigner was found guilty...yet. The honcho that traveled here from the US to testify is probably quite sorry he did now. |
He was released and went home. |
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Don Gately
Joined: 20 Mar 2006
Location: In a basement taking a severe beating
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| Posted: Mon Feb 04, 2008 3:30 pm Post subject: Re: Lone Star chief sentenced to 5 years in prison |
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International hub of business in Asia!
Sparkling!!!!111one111!!!iii!!! |
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mindmetoo
Joined: 02 Feb 2004
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| Posted: Tue Feb 05, 2008 3:53 am Post subject: Re: Lone Star chief sentenced to 5 years in prison |
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| Don Gately wrote: |
International hub of business in Asia!
Sparkling!!!!111one111!!!iii!!! |
Listen up Korea. You know all that money you send abroad for gas, oil, LPG, educating your kids in schools that aren't half assed and don't have professors who demand bribes? Foreign investment is an attempt by foreigners to give you that money back. |
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