Korean businessmen lured to the Philippines and then kidnapped by, amongst others, fellow Koreans:
“Song was lured into going to the Philippines by the two Korean suspects reportedly to engage in a business transaction,” said Lavin.
The kidnappers used “torture methods like beating their victim with a nightstick and mark the victim’s skin with a lighted cigarette to get valuable information.”
Fortunately some of them have been caught….the rest of the article is here
4 Comments
A guy came to my workplace several years ago in need of help from someone who could simplify the language on a contract for him. He had an import-export business in the Phillipines. He was selling his share of the business to his partner, another Korean, and had signed what he thought was a simple sales contract. Unfortunately, he misunderstood one clause in the contract as being a promise to pay the agreed upon amount, when it fact it stated that this amount had been paid in full. To top it all off, his partner had forged his signature on whatever documents were needed to register the business in her name only. He had a lawyer working on the case in the Philippines, trying to block the registration (he told him it could take years before he would see any money, and by then his partner could have run the business to the ground). I guess he came to me to understand exactly how he could get screwed over.
Yeek! I frequently go to the Phil… fortunately, rarely for business deals of any sort. But still, always gotta be more careful down there than up here. And fortunately, i have that most precious and valued of friends down there, a cousin-in-law who’s an honest & competant lawyer. Almost as crucial to life as knowing an honest & competant car-repair dude…
Nice to see it’s coming out to New Zealand too.
http://www.nzherald.co.nz/sect.....d=10445725
http://www.nzherald.co.nz/sect.....mp;ref=rss
Two kidnappings in three days in Kiwi country. The first was over an employment dispute. What makes the second one even stranger is that the man kidnapped was in New Zealand under a false id (deported in April), so now there’s a huge shadow of doubt over the whole case. Korea, fightin’ !
Well, it can happen anywhere and to the best of us. As a Filipino and a business owner myself, I can only say that, while their fate was not really called for, they really should have done more due diligence instead of letting their greed get the better of themselves, especially since they’re dealing with a foreign entity from more than a thousand miles away.
I understand that it’s very tempting at times to grab opportunities that will make you money fast, but as they say in the business world, “if it sounds too good to be true, it actually is”.
Peace, y’all.
LBA