Fugitive Daewoo Chairman Kim Woo-Choong Spotted in Vietnam

Kim Woo-choong, the fugitive/ founder of the Daewoo Group, was recently spotted in Vietnam.

According to an article in the Korea Times, Koreans in Vietnam have reported that they have seen Kim.

A Korean who recognized Kim noted ``I went near him because he looked like chairman Kim and I am sure that it was him,'' ``As soon as I approached him, he left in a taxi along with three people who looked Korean and Vietnamese.''

Interestingly, Korean newspapers have pointed out that a Vietnamese hotel official, when questioned, stated that the former Daewoo chief booked a hotel room under his real name.

The founder of Daewoo, at one time South Korea's second largest business group, has been hiding abroad since the group's collapse in late 1999. When Daewoo collapsed, the conglomerate was estimated to be $80 billion in debt.

Over the past few years, Kim has since been in Germany, the United States, Vietnam, Sudan and even Korea.

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