Convicted and sentenced to ten years behind bars for accounting fraud following Daewoo's collapse under £40bn of debt - Woo-choong has been pardoned by the country's president.

That means he serveda little more than a year for his crime. Even taking into consideration his good behaviour, that something of a result for a man associated with a massive corporate disaster.

Just goes to show that in some place white collar crime remains only marginally more serious than parking on a yellow line.