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
Doninvest Doninvest Doninvest () was a Russian industrial group that manufactured cars in Taganrog and Aksay, Rostov Oblast. The firm produced Daewoo cars on license for the Russian market under an own brand. Their best known models were the Doninvest Assol, the Doninvest Kondor, and the Doninvest Orion. Doninvest Bank was founded in 1991 by Mikhail Paramonov. In 1995, the bank financed a plan to assemble Pontiac cars in the Krasny Aksay plant. The first Daewoo-branded vehicles began to be manufactured in 1995, at the Krasny Aksay plant. The first models were the Daewoo Nexia and Daewoo Espero. Doninvest began to