Daewoo dissolution and corruption scandal trillion won (US$10.3 billion), and smuggling US$3.2 billion out of the country. On 30 May 2006, Kim was sentenced to 10 years in prison after being convicted of fraud and embezzlement. On the last day of the trial, Kim tearfully addressed the court, "I cannot dodge my responsibility of wrongly buttoning up the final button of fate." On 30 December 2007, Kim was granted amnesty by President Roh Moo-hyun. Daewoo dissolution and corruption scandal Daewoo dissolution and corruption scandal refer to the 1999-2006 scandal in South Korea involving the bankruptcy of Daewoo, then-country's second largest company, and a subsequent corruption
Daewoo Motors released, before the SsangYong-based SUVs : Korando, Musso and Rexton. After the General Motors buyout, the Daewoo models received a new badge, and were sold under the Daewoo name until 2003. The Lacetti was the last car to bear a Daewoo badge in Europe. The other Daewoo models were later rechristened as Chevrolets. Daewoo cars were also available in the United States and Canada between 1997 and 2002, Australia and many other countries, until Daewoo's bankruptcy. Since Daewoo's withdrawal from many markets, the Lanos was replaced with Chevrolet's as the Aveo, whereas the Nubira and Leganza were given replacements from