Comments on: A Lonely Star . . . http://www.rjkoehler.com/2008/01/11/a-lonely-star/ Korea... in Blog Format Fri, 9 Jan 2009 06:20:16 +0000 http://wordpress.org/?v=2.7 hourly 1 By: WangKon936 http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129520 WangKon936 Sat, 12 Jan 2008 01:04:28 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129520 FYI, Michael Kim is my hero... http://seoulover.blogs.com/westlaw/files/Goldfinger.pdf FYI,

Michael Kim is my hero…

http://seoulover.blogs.com/wes.....finger.pdf

]]> By: WangKon936 http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129519 WangKon936 Sat, 12 Jan 2008 01:00:12 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129519 I had lunch with a Korean American attorney that was actually retained a few times by Lone Star. This guy also represented Korean store owners on a probono basis. Anyways, he said that Lone Star did everything by the book and that the charges were bogus by Korean beaurocrats who don't like to see foreigners make so much money through financial engineering. Another Korean private equity friend and I joked that if we did the same thing Lone Star did we won't get prosecuted because we're Korean. Hahahaha. I bet you ex-Carlye Michael Kim of MK Funds won't get the royal treatment that John Grayken got. He didn't when he sold KorAm Bank and made Carlye a shit load of money. I had lunch with a Korean American attorney that was actually retained a few times by Lone Star. This guy also represented Korean store owners on a probono basis. Anyways, he said that Lone Star did everything by the book and that the charges were bogus by Korean beaurocrats who don’t like to see foreigners make so much money through financial engineering.

Another Korean private equity friend and I joked that if we did the same thing Lone Star did we won’t get prosecuted because we’re Korean. Hahahaha.

I bet you ex-Carlye Michael Kim of MK Funds won’t get the royal treatment that John Grayken got. He didn’t when he sold KorAm Bank and made Carlye a shit load of money.

]]> By: judge judy http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129513 judge judy Sat, 12 Jan 2008 00:15:11 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129513 <blockquote>What made him change his mind?</blockquote> he's gotta close the sale. i highly doubt the ban was a surprise to grayken and the lonestar team. in fact, it may be more of the local press spinning agreed upon terms of return to make it look like something other than what it really is.

What made him change his mind?

he’s gotta close the sale.

i highly doubt the ban was a surprise to grayken and the lonestar team. in fact, it may be more of the local press spinning agreed upon terms of return to make it look like something other than what it really is.

]]> By: SomeguyinKorea http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129415 SomeguyinKorea Fri, 11 Jan 2008 08:15:15 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129415 That's it, the foreigner advisor hasn't even begun working yet and they're already spreading unfounded accusations of favoritism against him. Pathetic. That’s it, the foreigner advisor hasn’t even begun working yet and they’re already spreading unfounded accusations of favoritism against him. Pathetic.

]]> By: globalvillageidiot http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129407 globalvillageidiot Fri, 11 Jan 2008 07:55:15 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129407 How could he not have known this would happen? How could he not have known this would happen?

]]> By: dogbertt http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129405 dogbertt Fri, 11 Jan 2008 07:49:19 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129405 LOL LOL

]]> By: R. Elgin http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129403 R. Elgin Fri, 11 Jan 2008 07:23:42 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129403 . . . canal fever? . . . canal fever?

]]> By: dogbertt http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129398 dogbertt Fri, 11 Jan 2008 07:09:05 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129398 Agreed. But on the other hand, it was reported widely in the press earlier last year that Mr. Grayken stated he would never set foot in Korea to testify as he knew he would certainly be banned from leaving Korea were he to do so. What made him change his mind? Agreed.

But on the other hand, it was reported widely in the press earlier last year that Mr. Grayken stated he would never set foot in Korea to testify as he knew he would certainly be banned from leaving Korea were he to do so.

What made him change his mind?

]]> By: gbevers http://www.rjkoehler.com/2008/01/11/a-lonely-star/comment-page-1/#comment-129395 gbevers Fri, 11 Jan 2008 07:05:38 +0000 http://www.rjkoehler.com/2008/01/11/a-lonely-star/#comment-129395 What is the bullshit legal excuse the prosecution is using to ban Mr. Grayken from leaving the country or can Korea's prosecution put a travel ban on anyone they do not like? I think the travel ban was used to punish Mr. Grayken for daring to testify for the defense. Or maybe the prosecution just wanted to show the world that they have the power to do it, which is just as silly. In Korea, it seems that people indicted for a crime are punished if they dare proclaim their innocence, and now it seems that even witnesses for the defense are also punished for daring to testify. Regardless of whatever silly excuse Korea may come up with, I think it is pretty clear to the international business community that Lone Star has been vilified and harassed in Korea not for any specific wrongdoing but mainly for being a foreign company that dared to make big profits in Korea, which is something Koreans do not like. Through the way it has dealt with Lone Star, Korea has showed the world just how xenophobic, discriminatory, and distorted its concepts of capitalism really are. What is the bullshit legal excuse the prosecution is using to ban Mr. Grayken from leaving the country or can Korea’s prosecution put a travel ban on anyone they do not like? I think the travel ban was used to punish Mr. Grayken for daring to testify for the defense. Or maybe the prosecution just wanted to show the world that they have the power to do it, which is just as silly.

In Korea, it seems that people indicted for a crime are punished if they dare proclaim their innocence, and now it seems that even witnesses for the defense are also punished for daring to testify.

Regardless of whatever silly excuse Korea may come up with, I think it is pretty clear to the international business community that Lone Star has been vilified and harassed in Korea not for any specific wrongdoing but mainly for being a foreign company that dared to make big profits in Korea, which is something Koreans do not like.

Through the way it has dealt with Lone Star, Korea has showed the world just how xenophobic, discriminatory, and distorted its concepts of capitalism really are.

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