Kim Vs. The Chaebol: Unfinished Business
It was a surreal moment for a nation long managed by military strongmen and industrial tycoons. On Aug. 26, former President Chun Doo Hwan received a death sentence and his successor, Roh Tae Woo, a 22-year-minimum jail term, for their roles in a 1979 military coup and the 1980 massacre of pro-democracy demonstrators in Kwangju. The heads of eight chaebol, or conglomerates, were meted out prison terms for bribing Roh. Four of their sentences were suspended, but four others, including one for Daewoo Chairman Kim Woo Choong, were not.
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