Word: roh
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Inside a packed Seoul courtroom, former South Korean President Roh Tae-woo took the stand Monday to answer charges that he accepted $369 million in kickbacks from businesses while in office. Roh admitted that he took money from chaebol, the group of 40 or so huge industrial conglomerates that dominate South Korea's economy, but said that he did not sell his influence to private interests. Roh said he received $32 million from Samsung, the nation's biggest conglomerate, but maintained he could not remember who gave him all the money he received while in office. The trial is expected...
Former South Korean President Roh Tae-woo was arrested today on charges of bribery as the widening investigation reached the office of president Kim Young-sam. The embattled ex-president, whom some prominent Koreans have openly advised to commit suicide, could face criminal prosecution on charges of maintaining an illegal slush fund. Roh has admitted to collecting $650 million while in office, but says he was following in the footsteps of his predecessors, who routinely used the slush fund to finance election campaigns, bribe opposition politicians and invest for personal profit. The real fallout could come if prosecutors discover that...
Prosecutors have called former South Korean President Roh Tae-woo in for a second round of questions about his finances in an investigation that could determine the fate of current president Kim Young-sam. The embattled ex-president, whom some prominent compatriots have openly advised to commit suicide, could face criminal prosecution on charges of maintaining an illegal slush fund. Roh has admitted to collecting $650 million while in office, but says he was following in the footsteps of his predecessors, who routinely used the slush fund to finance election campaigns, to bribe opposition politicians and to invest for personal...
Dissident Kim Young Sam, 65, marked his inauguration as South Korea's first civilian President in 31 years by blaming his predecessors for the country's woes. With outgoing President Roh Tae Woo and former military dictator Chun Doo Hwan standing behind him, Kim told a shivering crowd of 30,000 that "misconduct and corruption are the most terrifying enemies attacking the foundations of our society." The Democratic Party of his onetime ally Kim Dae Jung boycotted the ceremonies because the victor refused to apologize for personal attacks in last year's campaign...
...years ago, Kim, a perennial opponent of South Korean dictators, merged his opposition party with that of outgoing President Roh Tae Woo. The move surprised many but proved to be politically savvy. Running as the candidate of the predominant Democratic Liberal Party, Kim beat his longtime rival, the fiery populist Kim Dae Jung, 67, by 42% to 34%. He was helped by the poor showing of Chung Ju Yung, 77, the former chairman of the Hyundai conglomerate and his main competitor among conservative and middle-class voters, who received only 16% of the vote. Kim, campaigning for "change with stability...