Kakao Founder to Donate Half of His Wealth to Charity

  • By Oh Rora

    February 09, 2021 12:50

    The founder of Korea's No. 1 mobile messenger service Kakao has promised to donate more than half of his wealth to charity.

    Kim Beom-su (55) is the third richest person in Korea and valued at more than W10 trillion (US$1=W1,121).

    Kim Beom-su

    "I have decided to donate more than half of my personal assets throughout my life to solve social problems," Kim said in a message to Kakao staff on Tuesday. "I am looking to sign an adequate donation pledge to make this promise official."

    Last year Kim said in a message marking the 10th anniversary of Kakao's messenger service that the company must become a leader in solving social problems. He spent the past year thinking about how to achieve the goal.

    Kim is part of the first generation of IT venture capitalists in Korea and comes from a poor family. He was the only one of five children to go to university. After graduating from Seoul National University with a degree in industrial engineering, Kim founded Hangame, which merged with Naver in 2000.

    He then served as head of parent company NHN for seven years, and after leaving in 2007, joined the predecessor of Kakao and rolled out the popular messenger app in 2010.

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