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Woowa Brothers founder to donate over $500 million to philanthropy Posted : 2021-02-18 12:52 By Park Jae-hyuk Kim Bong-jin, founder and CEO of Woowa Brothers which operates the nation s leading food delivery app Baedal Minjok, became the first Korean participant in the Giving Pledge, after he and his wife, Sul Bo-mi, promised to donate more than half of their wealth, the app operator said Thursday. He is expected to donate at least $500 million, given the fact that one needs to own assets worth $1 billion to participate in the Giving Pledge. The Giving Pledge is a non-binding movement of philanthropists that started in August 2010 after Microsoft Founder Bill Gates and Berkshire Hathaway Chairman Warren Buffett promised to return their wealth to society. ....
With Samsung chief Lee dropping appeal, Cheong Wa Dae holds key Posted : 2021-01-25 16:50 Updated : 2021-01-25 21:17 Samsung Electronics Vice Chairman Lee Jae-yong enters the Seoul High Court to attend a retrial of his bribery case held Jan. 18. / Korea Times photo by Bae Woo-han Two-and-half-year prison term finalized, eyes on Cheong Wa Dae for possible pardon By Kim Bo-eun Samsung heir Lee Jae-yong decided to accept a ruling by an appellate court last week in a bribery case that handed him a prison sentence, his legal representatives said Monday. Prosecutors also stated the same day they would not appeal the sentence. ....