Stocks are difficult; even Chey Tae-won, who can access information incredibly fast, lost 900 billion won and went to prison
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You know the PM account incident, right?
A chaebol chairman listened to a shaman,
embezzled company funds,
and bet 900 billion won on futures.
He lost everything in a flash
and ended up in prison.
The stock market is a place where even a chaebol chairman with deep information connections can go bust.
While Chey Tae-won lives proudly after the masterstroke acquisition of Hynix,
he is still one of the greatest economic criminals in history..
He almost met his downfall by playing around with stocks.
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