Kakao founder s charitable donation casts new light on culture of giving
Posted : 2021-02-09 16:44
By Kim Hyun-bin
Kakao Chairman Kim Beom-su has set an example by pledging to donate half of his wealth to charity to help solve problems in society. His act of kindness has turned him into a role model and also casts light on large contributions made by other prominent people in the past.
Kim is worth over 10 trillion won, including 12.5 million shares he owns in Kakao valued at 5.7 trillion won. Kim said he was working on the specifics of where to donate his money, but added that he wants to help needy people in areas where Kakao has not already offered support. This marks the first time that the head of a business conglomerate donated trillions of won out of his own pocket.
By Kim Jae-heun
AmorePacific, Korea s largest cosmetics company, hopes to overcome its current slump by launching a new product in collaboration with Italian luxury brand Off-White.
The item, called Protection Box, is made up of limited-edition beauty products and fashion accessories. AmorePacific is making the mask packs and lip balms that go into the box, while Off-White is producing face masks as well as the container.
The container can be used as a bag with a strap, which was designed by Off-White with an emphasis on protection during the coronavirus pandemic.
This is the first time Off-White has collaborated with a Korean firm to introduce a cosmetic product.