China Has No Corner on Greed in Asia - Daewoo's Kim Woo Choong

China has its share of rich tycoons who have taken a dive.  I alluded to this in China Passes the UK.

South Korea's Daewoo wants to be sure that everyone knows that they have their share of greedy bosses as well.

The 69 year old Kim Woo Choong was sentenced to 10 years in prison and a 10 million won fine. It seems he was able to get some mercy for having shown up in a wheel chair and with an IV attached. The prosecuters wanted 15 years and forfeiture of $23 Billion!

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