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Five Economic Groups Petition for Pardon and Rehabilitation of 59 Entrepreneurs

Five Economic Groups Petition for Pardon and Rehabilitation of 59 Entrepreneurs

Posted November. 29, 2006 06:44,   

한국어

Five economic groups including the Korea Chamber of Commerce & Industry (KCCI) have presented a petition to Cheong Wa Dae for a pardon and rehabilitation of 59 entrepreneurs, including former Daewoo chairman Kim Woo-joong.

KCCI announced yesterday, “We submitted a special pardon and rehabilitation petition form in the name of five economic groups for those entrepreneurs who were punished for providing illegal political funds and committing accounting frauds to Cheong Wa Dae last weekend.”

Included in the petition were 51 entrepreneurs who were punished for committing accounting fraud: former chairman Kim, former Doosan chairman Park Yong-sung, former Dong-A chairman Choi Won-seok, former Jinro chairman Jang Jin-ho, former ShinDongA chairman Choi Soon-young, Namyang chairman Hong Won-sik, and others.

The economic groups also asked for the pardon and rehabilitation of eight entrepreneurs who were punished for violating the Political Funding Law including Sun & Moon chairman Moon Byeong-uk (known for his relationship with president Roh Moo-hyun), Taekwang Ind Co. chairman Park Yeon-cha, and Sammi Co. chairman Park Won-yang.

The KCCI noted, “Out of the entrepreneurs with specific penalties, we included most of those who conducted customary illegal activities including providing illicit political funds and committing accounting frauds in the pardon petition form.”

Hyundai-Kia Motors chairman Chung Mong-koo, former SK Group chairman Sohn Gil-seung, SK Group chairman Chey Tae-won, and Ssangyong Engineering & Construction Co. chairman Kim Seok-jun were excluded as their final penalties were not decided by the Supreme Court.

The economic groups had asked for a pardon and rehabilitation of 55 entrepreneurs just before Korean Independence Day, but only six were done.

KCCI vice chairman Kin Sang-yeol said, “As these entrepreneurs are punished for their past faults and have fully reflected on themselves, it is right to absorb their experiences and business abilities to energy for developing Korea.”



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