The founder of Daewoo has been pardoned for his role in the failure of the motor manufacturer in 2006.
Kim Woo-choong was convicted and sentenced to ten years in jail for accounting fraud in 2006. Daewoo, once South Korea's second-largest conglomerate, collapsed under a $80bn (£40.3bn) debt.
Roh Moo-hyun, the outgoing South Korean president, pardoned other businessmen and 74 politicians in a traditional New Year amnesty, the FT reports.
Further reading:
Comments