And South Korea's courts sentenced Kim woo Choong, a former boss of Daewoo, to ten years-despite his fleeing the country after the group collapsed.

韩国法院宣判大宇集团(Daewoo)前负责人金宇中(Kim woo Choong) 10年徒刑，虽然他在大宇倒闭后曾经出逃他国。

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Last week, the government lost patience, telling creditor banks to take the wrecking ball to the Daewoo group.

CNN: ASIANOW - TIME Asia | South Korea: Overworked

Alarmed by the default of the Daewoo group, investors are shifting money from investment trusts into bank deposits.

ECONOMIST: South Korean banks: Silver lining | The

Some 70 companies, including 12 subsidiaries of the Daewoo group, South Korea's second-biggest chaebol, or conglomerate, that technically defaulted on 100 trillion won of debts last July, now qualify for workout programmes.

ECONOMIST: South Korean banks