South Korea president pardons ex-Daewoo chief, others Dennis Zawacki II at 11:19 AM ET
[JURIST] The South Korean Ministry of Justice [official website] on Monday said that 75 politicians and businessmen would receive amnesty as part of President Roh Moo-hyun's last round of presidential pardons. Among those granted amnesty is former chairman of the Daewoo group [official website] Kim Woo-choong [Wikipedia profile], who was convicted [JURIST report] last year of embezzlement and account fraud in connection to the inflation of Daewoo's assets during the Asian financial crisis [CRS report] of 1997-1998. The pardons will take effect Tuesday.
In addition to the pardons, six inmates sentenced to death had their sentences commuted to life in prison and others received reduced sentences. AP has more. Arirang News has additional coverage.
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