Hyundai Chief Gives W15 Billion to Help Young Jobseekers

      October 26, 2015 11:10

      Chung Mong-koo

      Hyundai Motor chairman Chung Mong-koo has donated W15 billion to a fund proposed by President Park Geun-hye to create jobs for young people (US$1=W1,129).

      Other Hyundai executives also donated W5 billion. Hyundai is the second big conglomerate after Samsung to chip into the fund.

      A Hyundai spokesman on Sunday said Chung "empathizes with efforts to ease unemployment among young people and the need to enable them to be creative."

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