Daewoo founder Kim charged with fraud
Reuters, Seoul
South Korean prosecutors brought charges of fraud and embezzlement on Friday against former Daewoo group chairman Kim Woo-choong, once revered as an industrialist who helped build the country's economy. Kim fled South Korea in 1999 when Daewoo collapsed in one of the world's biggest bankruptcies, with more than $70 billion in debts, but he returned on June 14, saying he was seeking to make peace with his past.
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