Despite being convicted of embezzling nearly a million dollars, the CEO of the largest foreign language business in South Korea, Pagoda has received no jail time with her entire sentence being suspended:
Park Kyung-sil
PAGODA Academy CEO Park Kyung-sil was found guilty of embezzlement and breach of trust, an appellate court said Tuesday.
The Seoul High Court sentenced the 61-year-old leader of Korea’s major foreign language institute to two-years-and-six months in prison with the term suspended for three years.
The ruling was made after the court reviewed the case at the request of the Supreme Court, which found faults with the grounds for the appellate court’s ruling.
Park was indicted in 2013 on charges of pocketing one billion won ($849,000) in corporate money and inflicting losses of 53 billion won on the company by mismanagement. She pled guilty to the embezzlement charge. [Korea Times]
