Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Daehan chairman charged with embezzlement

Article-Daehan chairman charged with embezzlement

Daehan chairman charged with embezzlement

Seoul: Huh Jae Ho, the chairman of fast emerging South Korean shipbuilder Daehan Shipbuilding, has been charged by the country's prosecutors with embezzlement of funds from affiliate Daeju Construction.
A $49m hole in the firm's tax dues plus the withdrawal of 10bn Won from the company's accounts brought the authorities knocking at Huh's door.
Daehan had made comments that one day it aspired to be the world's largest shipbuilder, a claim it has since moderated. [11/12/07]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.