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Talk:List of political scandals in South Korea

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Possibly relevant

[edit]

The following unreferenced sections were present in the now-deleted South Korean scandals. Perhaps someone can reference them if they are relevant.

— Preceding unsigned comment added by Piotrus (talk • contribs) 07:26, 27 August 2018 (UTC)[reply]

Not political scandals

[edit]

This will be used to create a new list, Scandals in South Korea, perhaps?

==Daewoo dissolution and corruption scandal (1999-2006)== [[Daewoo]] was a major South Korean conglomerate. Prior to the [[Asian financial crisis]], Daewoo was the second largest conglomerate in Korea. By 1999, Daewoo went bankrupt, with debts of about US$50 billion.<ref name=":0">{{cite news|url=http://www.economist.com/node/233562 |title=South Korea: The death of Daewoo |publisher=The Economist |date= 19 August 1999|accessdate=2015-10-13}}</ref> Soon after the demise, South Korean prosecutors filed chargers against over 40 top executives, in what BBC described as the Daewoo corruption scandal.<ref>{{Cite news|url=http://news.bbc.co.uk/2/hi/business/1149061.stm|title=Daewoo corruption scandal deepens|last=|first=|date=2001-02-02|work=BBC News|access-date=2018-08-28|language=en-GB}}</ref> Daewoo Chairman [[Kim Woo-jung|Kim Woo-Jung]] fled to Vietnam, and former Daewoo factory workers put up [[Wanted posters|"Wanted" posters]] with his picture. Kim returned to Korea in June 2005 and was promptly arrested. He was charged with masterminding accounting fraud of 41 trillion won (US$43.4 billion), illegally borrowing 9.8 trillion won (US$10.3 billion), and smuggling US$3.2 billion out of the country, according to South Korea's Yonhap News Agency.<ref>{{cite news|url=http://www.cnn.com/2006/BUSINESS/05/30/skorea.daewoo/index.html |title= Daewoo founder Kim gets 10-yr term |date=30 May 2006 |accessdate=2008-11-20 | work=CNN |archiveurl = https://web.archive.org/web/20080408091248/http://www.cnn.com/2006/BUSINESS/05/30/skorea.daewoo/index.html |archivedate = April 8, 2008}}</ref> On 30 May 2006, Kim was sentenced to 10 years in prison after being convicted of fraud and embezzlement.<ref>{{Cite web|url=http://www.atimes.com/atimes/Korea/HF01Dg03.html|title=Daewoo founder sentenced to 10 years in prison|date=June 1, 2006|website=www.atimes.com|publisher=Asia Times Online|access-date=2016-07-06}}</ref> On the last day of the trial, Kim tearfully addressed the court, "I cannot dodge my responsibility of wrongly buttoning up the final button of fate."<ref>{{cite news |last=Ramstad |first=Evan |url=https://www.wsj.com/article/SB114896838655866106-search.html?KEYWORDS=daewoo&COLLECTION=wsjie/6month |title=Daewoo Founder Gets Prison Term - WSJ.com |publisher=Online.wsj.com |date=31 May 2006 |accessdate=2008-11-20 }}{{Dead link|date=July 2018 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

— Preceding unsigned comment added by Piotrus (talk • contribs) 05:40, 28 August 2018 (UTC)[reply]

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