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Hanbo Iron And Steel Co

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April 26, 1997 | From Associated Press
The son of South Korean President Kim Young Sam tearfully denied Friday that he is involved in the bribes-for-loans scandal that has shaken his father's government. Testifying at a parliamentary hearing, Kim Hyon Chol said he was not the main backer of the bankrupt Hanbo Iron & Steel Co., which collapsed in January after piling up $6 billion in debts, mostly in bank loans.
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NEWS
April 26, 1997 | From Associated Press
The son of South Korean President Kim Young Sam tearfully denied Friday that he is involved in the bribes-for-loans scandal that has shaken his father's government. Testifying at a parliamentary hearing, Kim Hyon Chol said he was not the main backer of the bankrupt Hanbo Iron & Steel Co., which collapsed in January after piling up $6 billion in debts, mostly in bank loans.
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NEWS
January 28, 1997 | TERESA WATANABE, TIMES STAFF WRITER
South Korean President Kim Young Sam, already shaken by a protracted labor crisis, Monday ordered an all-out investigation into the collapse of this nation's second-largest steelmaker as he sought to contain a situation that is spiraling into his administration's most spectacular financial scandal. In one of the largest bankruptcies in South Korean history, Hanbo Iron & Steel Co. declared bankruptcy last week amid revelations that it inexplicably had been granted about $5.
NEWS
January 28, 1997 | TERESA WATANABE, TIMES STAFF WRITER
South Korean President Kim Young Sam, already shaken by a protracted labor crisis, Monday ordered an all-out investigation into the collapse of this nation's second-largest steelmaker as he sought to contain a situation that is spiraling into his administration's most spectacular financial scandal. In one of the largest bankruptcies in South Korean history, Hanbo Iron & Steel Co. declared bankruptcy last week amid revelations that it inexplicably had been granted about $5.
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