Zee News (Enlarge photo)

Seoul, Aug 13: The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

Accoding to reports, a haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said that they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake of... // Zee News

Turkish Press (Enlarge photo)

The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

A haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court, Yonhap news agency reported.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake of the... // Turkish Press

Maktoob (Enlarge photo)

The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

A haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court, Yonhap news agency reported.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake of the Asian... // Maktoob

The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

A haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court, Yonhap news agency reported.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake of the... // France24

AFP (Enlarge photo)

SEOUL (AFP) The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

A haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court, Yonhap news agency reported.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake... // AFP

AFP (Enlarge photo)

SEOUL (AFP) The founder of South Korea's now-defunct Daewoo group on Wednesday admitted hiding assets worth millions of dollars, months after he was pardoned over one of the world's largest corporate failures.

A haggard-looking Kim Woo-Choong, 72, pleaded for leniency when he appeared in court, Yonhap news agency reported.

"I don't know how much time I have left to live, but on this occasion I give my pledge to lead an exemplary life," he told the judge.

Prosecutors said they are seeking a one-year suspended jail sentence to ensure the ailing former tycoon will not go to prison.

Kim pleaded guilty to hiding assets worth 115 billion won (111 million dollars) to avoid their forfeiture under a court order.

Daewoo had debts of 82 billion dollars when it went under in 1999 in the wake... // AFP