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发帖数: 5579 | 1 The idea of selling the Trump brand name to overseas developers emerged as a
small piece of the company’s business in the late 1990s. At that time, two
executives from Daewoo Engineering and Construction met with Trump at his
Manhattan offices to propose paying him for the right to use his name on a
new complex under development, according to former executives from the South
Korean company. Daewoo had already worked with the Trump Organization to
build the Trump World Tower, which is close to the Manhattan headquarters of
the United Nations. The former Daewoo executives said Trump was at first
skeptical, but in 1999 construction began on the South Korean version of
Trump World, six condominium properties in Seoul and two neighboring cities.
According to the two former executives, the Trump Organization received an
annual fee of approximately $8 million a year.
Shortly after the deal was signed, the parent company of Daewoo Engineering
and Construction, the Daewoo Group, collapsed into bankruptcy amid
allegations of what proved to be a $43 billion accounting fraud. The
chairman of the Daewoo Group, Kim Woo Choong, fled to North Korea; he
returned in 2005, was arrested and convicted of embezzlement and sentenced
to 10 years in prison. According to the two former Daewoo executives, a
reorganization of Daewoo after its bankruptcy required revisions in the
Trump contract, but the Trump Organization still remains allied with Daewoo
Engineering and Construction.
http://www.newsweek.com/2016/09/23/donald-trump-foreign-business-deals-national-security-498081.html |
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