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 Royale the larger Senator A. In January 1983, after Daewoo gained control, Saehan Motors changed its name to Daewoo Motors. At the same time the Saehan Royale was renamed Daewoo Royale, and the Saehan Rekord was absorbed in the Royale range, becoming known as the Royale XQ. Production of the XQ ended in 1987. Until November 1984, Royale body panels were stamped by Holden in Australia, where the Rekord-Senator hybrid was manufactured there as the Holden Commodore. After November 1984, Daewoo began pressing their own panels on a newly installed production line. The E1 bodystyle continued to be built as the