VOA标准英语2008年-S. Korean Court Overturns Ruling in Bellwether

A South Korean court has overturned the conviction of an American investment firm executive for financial crimes related to the purchase of a South Korean bank. It is the latest twist in a case that has come to symbolize¹ South Korea's occasionally challenging disposition² towards outside investors⁴. VOA Seoul Correspondent Kurt Achin reports.
　
Paul Yoo, head of Lone⁵ Star's South Korean operation, center, exits Seoul Court following his release, 24 Jun 2008

Tuesday's ruling by a South Korean appeals court overturns a five-year prison sentence handed down, earlier this year, to Paul Yoo - a Korea-based executive for the U.S. private equity⁶ firm, Lone Star.

Yoo had been convicted of conspiring⁷ to spread false information about assets belonging to Korea Exchange Bank. Lone Star bought a controlling interest in the bank, five years ago.

Prosecutors⁸ argued Yoo and KEB executives collaborated⁹ to drive down share prices of the bank's separate credit card unit, to make it easier to merge¹⁰ the unit back into the bank.

Yoo and Lone Star have insisted they did nothing wrong. A South Korean judge said Tuesday there was not enough evidence to sustain the convictions. He also canceled nearly $50 million in fines split between Yoo and KEB.

The Lone Star case has come to symbolize challenges that come with investing in South Korea, which has at times been seen as hostile to foreign influence and capital. Kim Sang-jo, an international trade professor at Seoul's Hansung University, says the timing¹¹ of the verdict could cause such hostility¹² to escalate¹³.

He says South Koreans are already distrustful of the United States, in connection to a controversy¹⁴ about American beef imports. He says, even though the ruling was made in a purely¹⁵ legal context, it could fuel anti-American hostility further.

Lone Star is trying to broker¹⁶ a six-billion-dollar-plus sale of Korea Exchange Bank to Europe's HSBC, but HSBC executives have warned they may pull out of the bid, if it is not completed by next month.

South Korean financial regulators are delaying approval of the Korean Exchange Bank sale, pending¹⁷ appeals of Tuesday's verdict. Professor Kim says that might be a mistake.

He says, even though a court has ruled Lone Star is not guilty, regulators are dragging their feet. He says that must come as a disappointment to foreign investor³ and that it may get harder for South Korean President Lee Myung-bak to attract the kind of international investment he is hoping for.

　

 

1 symbolize   

vt.作为...的象征，用符号代表

参考例句：

• Easter eggs symbolize the renewal of life.复活蛋象征新生。
• Dolphins symbolize the breath of life.海豚象征着生命的气息。

2 disposition   

n.性情，性格；意向，倾向；排列，部署

参考例句：

• He has made a good disposition of his property.他已对财产作了妥善处理。
• He has a cheerful disposition.他性情开朗。

3 investor   

n.投资者，投资人

参考例句：

• My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
• The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 lone   

adj.孤寂的，单独的；唯一的

参考例句：

• A lone sea gull flew across the sky.一只孤独的海鸥在空中飞过。
• She could see a lone figure on the deserted beach.她在空旷的海滩上能看到一个孤独的身影。

6 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

7 conspiring   

密谋( conspire的现在分词 )； 搞阴谋； （事件等）巧合； 共同导致

参考例句：

• They were accused of conspiring against the king. 他们被指控阴谋反对国王。
• John Brown and his associates were tried for conspiring to overthrow the slave states. 约翰·布朗和他的合伙者们由于密谋推翻实行奴隶制度的美国各州而被审讯。

8 prosecutors   

检举人( prosecutor的名词复数 )； 告发人； 起诉人； 公诉人

参考例句：

• In some places,public prosecutors are elected rather than appointed. 在有些地方，检察官是经选举而非任命产生的。 来自口语例句
• You've been summoned to the Prosecutors' Office, 2 days later. 你在两天以后被宣到了检察官的办公室。

9 collaborated   

合作( collaborate的过去式和过去分词 )； 勾结叛国

参考例句：

• We have collaborated on many projects over the years. 这些年来我们合作搞了许多项目。
• We have collaborated closely with the university on this project. 我们与大学在这个专案上紧密合作。

10 merge   

v.(使)结合，(使)合并，(使)合为一体

参考例句：

• I can merge my two small businesses into a large one.我可以将我的两家小商店合并为一家大商行。
• The directors have decided to merge the two small firms together.董事们已决定把这两家小商号归并起来。

11 timing   

n.时间安排，时间选择

参考例句：

• The timing of the meeting is not convenient.会议的时间安排不合适。
• The timing of our statement is very opportune.我们发表声明选择的时机很恰当。

12 hostility   

n.敌对，敌意；抵制［pl.］交战，战争

参考例句：

• There is open hostility between the two leaders.两位领导人表现出公开的敌意。
• His hostility to your plan is well known.他对你的计划所持的敌意是众所周知的。

13 escalate   

v.(使)逐步增长(或发展)，(使)逐步升级

参考例句：

• It would tempt Israel's neighbors to escalate their demands.它将诱使以色列的邻国不断把他们的要求升级。
• Defeat could cause one side or other to escalate the conflict.失败可能会导致其中一方将冲突升级。

14 controversy   

n.争论，辩论，争吵

参考例句：

• That is a fact beyond controversy.那是一个无可争论的事实。
• We ran the risk of becoming the butt of every controversy.我们要冒使自己在所有的纷争中都成为众矢之的的风险。

15 purely   

adv.纯粹地，完全地

参考例句：

• I helped him purely and simply out of friendship.我帮他纯粹是出于友情。
• This disproves the theory that children are purely imitative.这证明认为儿童只会单纯地模仿的理论是站不住脚的。

16 broker   

n.中间人，经纪人；v.作为中间人来安排

参考例句：

• He baited the broker by promises of higher commissions.他答应给更高的佣金来引诱那位经纪人。
• I'm a real estate broker.我是不动产经纪人。

17 pending   

prep.直到，等待…期间；adj.待定的；迫近的

参考例句：

• The lawsuit is still pending in the state court.这案子仍在州法庭等待定夺。
• He knew my examination was pending.他知道我就要考试了。