Tongyang sentence

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Tongyang sentence

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Victims of the Tongyang Group’s fraudulent commercial paper hold a press conference in front of Seoul Central District Court in Seocho District after the court announced its decision yesterday. The group’s Chairman Hyun Jae-hyun was sentenced to 12 years in prison for issuing 1.3 trillion won ($1.2 billion) worth of asset-based commercial paper and corporate bonds. [NEWSIS]

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