South Korean prosecutors sought yesterday a 15-year prison sentence and the return of billions of dollars from the Daewoo group founder, a once revered businessman who is suspected of massive fraud and embezzlement. Kim Woo-choong, 69, turned Daewoo into the second-largest conglomerate in the country before fleeing in 1999 as his empire was collapsing under more than US$75 billion in debts. He returned last June, saying he wanted to make peace with his past. Kim was taken into custody at the airport upon arrival on a flight from Viet Nam.
Green Marine
about 20 years ago
Daewoo founder faces 15 years in jail
South Korean prosecutors sought yesterday a 15-year prison sentence and the return of billions of dollars from the Daewoo group founder, a once revered businessman who is suspected of massive fraud and embezzlement. Kim Woo-choong, 69, turned Daewoo into the second-largest conglomerate in the countr
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