Controversy simmers over Daewoo break-up

GMT 07:27 2014 Wednesday ,27 August

Arab Today, arab today Controversy simmers over Daewoo break-up

Daewoo Group
Seoul - Yonhap

After more than a decade since the collapse of Daewoo Group, once South Korea's No. 2 family-run conglomerate, an unexpected controversy has popped up as the group's founder, Kim Woo-choong, raised belated questions about the dismantlement of his group.
During a party held on Tuesday to celebrate the publication of a book discussing why Daewoo Group went belly up, the 78-year-old business tycoon said Daewoo Group's collapse was caused by bureaucrats and the situation should be rectified.

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