AM Online

Ex-Daewoo chairman arrested

Former chairman of Daewoo Motor, Kim Woo-Choong was arrested by Korean police early this morning as he arrived in the country from Vietnam.

Kim Woo-Choong fled abroad six years ago after Daewoo Group, one of South Korea's biggest conglomerates, collapsed with debts of $80bn (£44.3bn).

Seven other former Daewoo executives who were found guilty of fraud could face similar charges.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.