Korean government ordered to pay jailed bizman for withholding information
A Seoul court
Seoul - Yonhap
A Seoul court said Friday it has ordered the government to compensate a jailed Korean-American businessman for refusing to disclose information on the execution of his jail sentence and fine for a high-profile stock manipulation case.
Kim Kyoung-joon, 48, was sentenced to seven years in prison and fined 10 billion won (US$9.5 million) in 2009 for embezzling 31.9 billion won from Optional Ventures, a non-operating asset management firm, and manipulating its share price in 2001.
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