Hyundai Chairman “pays” for his Crimes

by WangKon936 on June 25, 2008

Bathing the elderly and feeding orphaned babies isn’t what I had in mind when punishing corrupt chaebol bosses, but it looks like this will have to be the closest to “punishment” that the Korean justice system will give these fellas.

 
 

Photo from the AP

Chung Mong-Koo was sent to Kkottongnae (English: Flower Village), a Catholic welfare facility for the homeless, the disabled and abandoned babies in Eumseong County, North Chungcheong Province to do his “community service.”

Must be a special chaebol welfare center since just this past December, Hanwha Group Chairman Kim Seung-youn was sent to Kkottongnae and worked there for 45 hours.

{ 14 comments… read them below or add one }

1 bumfromkorea June 25, 2008 at 8:37 am

That baby’s eyes are screaming “Help! My innocent mind is being corrupted by the tainted soul of a man not trustworthy enough to manage a local elementary school’s bake sale!”.

Of course, the eyes had to take a few metaphorical breathes in between.

2 The Goat June 25, 2008 at 8:50 am

More than I expected.

3 swlee June 25, 2008 at 9:53 am

I hope the baby shat on him.
Was Kim Seung-youn told to leave the iron bars at the door of Kkottongnae ?
45 hours indeed.
Both of these guys should have done the honorable thing and done what Chung Mong-woo and Mong-hun did.
Nice guys finish last.

4 R. Elgin June 25, 2008 at 9:55 am

This demonstrates the big “disconnect” that younger Koreans have with the so-called establishment and one reason why the “mad-cow” protest is not an aberration but the direction of things to come since there is no trust in government or no sense of justice.

5 swlee June 25, 2008 at 10:03 am

you may be onto something there relgin, but you need to expand on it to make a coherent point.

6 mcnut June 25, 2008 at 10:05 am

i can imgine that old fart saying to himself “this bastard child is what is wrong with our society i can not believe i have to hold and feed this filth”

7 gbnhj June 25, 2008 at 10:38 am

Chung was found guilty of embezzling over 90 billion won (US$874 million) of company money and incurring damages worth 210 billion won for affiliates by engineering a transfer of stocks to his son at lower-than-market prices.

KRW90,000,000,000/300 hours = KRW300,000,000/hour

Not a bad babysitting job, and he only had to screw everyone else over to get it. No wonder that fat fuck is smiling.

8 Iceberg June 25, 2008 at 10:42 am

“i can imgine that old fart saying to himself “this bastard child is what is wrong with our society i can not believe i have to hold and feed this filth”

Followed by, “I wonder if this kid’s one of mine?”

9 swlee June 25, 2008 at 10:46 am

Given the the large number of orphaned siblings Mong-koo has, it is fitting that he is finally feeding some.
300 million won/hour is not a significantly large wage for this guy.

10 roboseyo June 25, 2008 at 11:05 am

Wow. Who knew Korea’s justice system had so much in common with Korean chaebol’s PR Departments?

Judge Kim: “I sentence you to three-hundred hours of photo-ops — I mean community service!” (dramatic wink) “By the way, thanks for taking me to that sports massage place last night! That kink in my (clears throat) isn’t bothering me at all today!”

11 gbnhj June 25, 2008 at 12:58 pm

300 million won/hour is not a significantly large wage for this guy.

Chung was obviously not paid on an hourly scale, but had he been, that works out to roughly

(40 hours/week) * (52 weeks/year) * (KRW300,000,000/hour) = KRW624,000,000,000/year

624 billion won per year is not significantly large annual compensation? I’m fairly sure it is, both by his standards as well as most everyone else’s.

12 swlee June 25, 2008 at 1:11 pm

gbnhj. I know its a lot of money to an english teacher, but this amount is just a drop in the ocean of the money he has appropriated. So actually, he is doing even better than you calculated. btw, thanks for breaking it down into hourly figures, makes people think more.

13 H. J. Hodges June 25, 2008 at 2:59 pm

Why does that infant have to be suffer for Chung Mong-Koo’s crimes?

Jeffery Hodges

* * *

14 WangKon936 June 26, 2008 at 7:35 am

Hahaha… his shirt says “Sarang Ham Ni Da.”

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