Lee Nak-yeon "Kim Beom-su, Great Resonance... Participation of Two Major Labor Unions in Social Solidarity Fund"

Kim Beom-su, Chairman of Kakao, Mentions Donation
"Will Be a Catalyst for Coexistence, Solidarity, and Inclusion"

Lee Nak-yeon, leader of the Democratic Party of Korea, is attending the Supreme Council meeting held at the National Assembly on the 27th and delivering opening remarks. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Koo Chae-eun] On the 10th, Lee Nak-yeon, leader of the Democratic Party of Korea, commented on the donation news of Kim Beom-su, chairman of Kakao, saying, "It resonates greatly with society," and "I welcome the intention and pay my respects."

At the Supreme Council meeting that day, Lee said, "I believe Chairman Kim's donation declaration will serve as a catalyst for spreading the spirit of coexistence, solidarity, inclusion, and cooperation in our society."

Earlier, on the 8th, Kim Beom-su, founder of Kakao and chairman of the board, announced that he would donate more than half of his wealth to solving social issues. Kim's wealth is estimated to be 5.7 trillion KRW just in Kakao shares held under his name. Including shares of K Cube Holdings, it is estimated to reach 10.2 trillion KRW.

Lee mentioned, "There are many entrepreneurs overseas, like Bill Gates and Zuckerberg, who voluntarily participate in social solidarity through donations," adding, "Making efforts to create a better world beyond immediate profits benefits both companies and society."

He also referred to the Social Solidarity Fund, one of the three coexistence laws. Lee said, "Coincidentally, the financial unions of the Korean Confederation of Trade Unions and the Federation of Korean Trade Unions have stated that they will positively consider participating in the fund once the law is enacted," and added, "To support unions' voluntary participation in social solidarity, institutional improvements such as strengthening incentives must be expedited." He further explained that they will accelerate the passage of related laws necessary for the introduction of the profit-sharing system and the establishment of the Social Solidarity Fund.

Regarding the three coexistence laws, he said, "This will lay the foundation for the emergence of a second and third Kim Beom-su, who will take the lead in closing social gaps with good intentions," and added, "I hope the opposition party will join as well."

He announced that established media companies will also be included in the scope of punitive damages. Lee Nak-yeon emphasized, "Freedom of expression is an important value in democracy, but deliberate fake news and malicious false information are clear violence against victims and the community," and stated, "This is not an area protected by freedom of expression."

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