Daewoo chair gets over 8yrs prison term
Ap, Seoul
A Seoul appeals court on Friday sentenced the founder and former chairman of collapsed conglomerate Daewoo to eight and a half years in prison on a range of charges including embezzlement and accounting fraud.The Seoul High Court said it also ordered Kim Woo-choong to forfeit 18 trillion won ($19 billion) and pay a fine of 10 million won ($10,700). The sentence was less severe than a lower-court ruling in May, when he was sentenced to 10 years in prison and was ordered to forfeit more than 21 trillion won ($22 billion).
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