Last Updated:
9th February, 2021 08:01 IST
Kakao Talk CEO From South Korea Vows To Donate Half Of All His Assets For social Cause
Billionaire s Kakao shares generate third-quarter revenue of 1.1 trillion Won ($926 million), while he also makes wealth off the search engine Naver.
South Korea s top mobile messenger operator Kakao Corp on February 8 said that its CEO will donate more than half of his 10 trillion won ($8.9 billion) assets. In a message dispatched to Kakao s employees, Kim Beom-Su said that he has pledged to give in charity his wealth valued at over 5.7 trillion won, for social welfare cause. This would include 12.5 million shares of Kakao, the CEO said, according to South Korea’s Yonhap News Agency. Billionaire Kim’s wealth had recently risen to $7.9 billion, meanwhile, he ranks 332nd on the Bloomberg Billionaires Index. A discussion for allocation of the donation is ongoing, and the company will make a formal announcement in days ahead, according to Yon