Kim's Fall From Grace At Daewoo

Inside the Korean conglomerate's fraud scandal

What an ignominious fall. As recently as two years ago, Kim Woo Choong, founder of South Korea's Daewoo Group, was revered as the man who built a small textile-trading house into Korea's second-largest industrial conglomerate. Since then, revelations of deep losses, corruption, and mismanagement at Daewoo have shredded his legend. Now the last vestiges of respect are gone.

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