Asset manager found dead in apparent suicide amid financial turmoil

SEOUL, Nov. 20 (Yonhap) -- An asset manager was found dead Thursday in a Seoul
hotel in what appeared to be a suicide driven by investment losses in the wake of
the U.S. financial meltdown, police said.
The 55-year-old man, head of a small asset management firm called Setbit, left a
suicide note, saying, "I am sorry for causing losses to small investors because
of the economic stagnation that originated in the United States," according to
the Gangnam Police Station.
Police found the man, whose name was identified only by his surname Choi, at 4:55
p.m. on Wednesday in a hotel room in Cheongdam-dong, southern Seoul.
He had checked in on Sunday afternoon, and sleeping pills and liquor were found
in his room along with the long suicide note, police said.
Police were still investigating the extent of Choi's financial losses and the
number of investors involved, officer Choi Yeong-guk said.
hkim@yna.co.kr
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