South Korean business groups call for clemency

In South Korean, a main business group has written a letter to the South Korean president asking for the pardoning of 51 top business executives who have been jailed for different types of business fraud. The group hopes that the pardoning will boost the South Korean economy. They feel that the economy needs an entrepreneurial boost, and those executives can do so. One of the executives who they have asked to be pardoned is Kim Woo-choong, founder of the Daewoo Group. The Daewoo group collapsed in 99 resulting into one of the world's largest corporate failure.

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