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Bail granted to ex-Ssangbangwool head accused of illegal remittance to N. Korea

A local court on Tuesday granted bail to the former chairman of South Korean underwear maker Ssangbangwool who had been arrested for embezzlement and illegal remittance to North Korea. The Suwon District Court allowed former Ssangbangwool Chairman Kim Sung-tae to be released on bail on condition that he pay 100 million won (US$75,000) and carry a real-time location tracking device with him until trials are over. The . ....

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Ssangbangwool underwear manufacturer joins acquisition bid for SsangYong Motor

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