Kakao's Kim Beom-su Makes Bold Decision "Donates More Than Half of His Wealth"

[Asia Economy Reporter Bu Aeri] Kim Beom-su, chairman of the Kakao board, announced on the 8th his intention to donate half of his wealth.

In a message sent to Kakao employees that day, Chairman Kim said, "I have made a commitment to donate more than half of my wealth to solving social issues during my lifetime."

He explained the background, saying, "As we celebrate the 10th anniversary, I have been deeply considering becoming a key player in solving social problems. Witnessing how social issues are intensifying in various ways during these turbulent times, I felt that I could no longer delay this decision."

He added, "I am just beginning to think about the specifics of how to use the funds, but I plan to find and support people working to solve social problems in areas that are difficult for Kakao to approach."

Currently, Chairman Kim holds a 13.74% stake in Kakao. The value of his shares is approximately 10 trillion won, so even calculating just half of his stock wealth amounts to 5 trillion won.

This content was produced with the assistance of AI translation services.