FORMER DAEWOO EXEC SUPPOSEDLY COMMITS SUICIDE
President Roh Impeached Today for Election-Law Violations

I was just planning on posting the news on the former Daewoo executive's suicide, but during lunch today news flashed across Seoul about President Roh's unprecedented impeachment... comprehensive article from Bloomberg. Very interested times in Korea now. I have to wait a day or so before I write more.

As for this apparent suicide, I have to be a conspiracy theorist. Why would this former executive kill himself over this issue before it even went to trial? The consequences were greater for President Roh and his family. Also his quote from the excerpt below furthers the fishiness of the situation, or just confirms Roh is an idiot:

Nam Sang-kook, former president of Daewoo Construction and Engineering Co., jumped into the Han River in an apparent suicide... Nam, 59, was under a prosecution investigation into an allegation he gave 30 million won ($25,600) to President Roh Moo-hyun's brother in return for a business favor.

Nam's jump reportedly occurred soon after Roh's morning news conference. Roh said during the news conference that Nam came to his brother, Roh Geon-pyeong, and gave the money in return for helping Nam extend his CEO status in Daewoo. Nam headed the Daewoo affiliate from 1999 to 2003.

Roh said his brother gave the money back. "I hope people like Daewoo's former president, who went to a good school and succeeded in life, would stop coming to a country person like my brother to ask for favors," Roh said. (full article)