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Published on: Saturday, February 27, 2021
By: AFP
Kim Beom-su, the founder of South Korea s biggest mobile messenger operator KakaoTalk.
SEOUL: Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes – a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.
Kim Beom-su, the founder of South Korea’s biggest messaging app KakaoTalk, announced this month he will donate more than half his estimated $9.6 billion assets to try to “solve social issues”.
Shortly afterwards, Kim Bong-jin of food-delivery app Woowa Brothers and his wife, Bomi Sul, became the first South Koreans to sign the Giving Pledge. The philanthropic initiative was set up by Bill and Melinda Gates, alongside Warren Buffett, for billionaires to give away at least half their wealth.
Neither of the billionaires has so far provided a precise timeline for their pledged donations, or detailed the recipient organisations.. Read more at straitstimes.com.
Kim Bong-jin, the founder of South Korea s food-delivery app Woowa Brothers. - AFP
SEOUL (AFP): Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.
Kim Beom-su, the founder of South Korea s biggest messaging app KakaoTalk, announced this month he will donate more than half his estimated US$9.6 billion assets to try to solve social issues .
Shortly afterwards, Kim Bong-jin of food-delivery app Woowa Brothers and his wife, Bomi Sul, became the first South Koreans to sign the Giving Pledge. The philanthropic initiative was set up by Bill and Melinda Gates, alongside Warren Buffett, for billionaires to give away at least half their wealth.
Self-made South Korean billionaires promise to give half away | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.