Ex-Daewoo Shipbuilding chief additionally charged with breach of trust, bribery
Jan 24, 2017
A former CEO of cash-strapped Daewoo Shipbuilding & Marine Engineering Co. was additionally charged with breach of trust and bribery on suspicions of inflicting some tens of billions of won in losses to the shipyard, prosecutors said Tuesday.The prosecution accused Nam Sang-tae, 66, of allegedly causing some 26.3 billion won ($25.5 million) in losses to the company by making business decisions based on his ties to certain acquaintances. Nam, who headed the company from 2006 to 2012, is currently