Kakao's Kim Beom-su "Donates Half of Wealth"... Even Calculating Stocks Alone Amounts to 5 Trillion (Comprehensive)
[Asia Economy Reporter Buaeri] 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."
Currently, the value of the stocks held by Chairman Kim, including a 13.74% stake in Kakao, is about 10 trillion won, and even calculating only half of his stock wealth amounts to 5 trillion won.
Chairman Kim 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, "We are also working on an appropriate donation pledge to make this an official promise. We are just beginning to consider specifically how to use the funds. We plan to find and support people who can address social issues in areas that are difficult for Kakao to approach."
Chairman Kim stated, "With the strengthening of non-face-to-face interactions in all areas and rapid technological advancements overlapping, the world has quickly entered realms never experienced before. This wave of change, which may only be the beginning, is both frightening and exciting as to where it will lead the world."
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He continued, "As more problems arise that cannot be solved by traditional methods, I feel the need to gather wisdom together. We are planning to hold a crew meeting soon to have deeper communication."
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