Court Sentences Daewoo Founder To 10 Years in Prison 1554
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Although SOX only applies to US registrants, the governing laws and regulations in other countries contain similar provisions for executives and management found guilty of committing fraud.
Court Sentences Daewoo Founder To 10 Years in Prison
Kim Woo Choong, founder of the defunct Daewoo Group, was convicted of fraud and embezzlement and sentenced to 10 years in prison after contributing to the most spectacular business failure in South Korean history.