Self-made S Korean billionaires promise to give half away

SEOUL (AFP) – Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes – a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.

Kim Beom-su, the founder of South Korea’s biggest messaging app KakaoTalk, announced this month he will donate more than half his estimated USD9.6 billion assets to try to “solve social issues”.

More details on Weekend’s Borneo Bulletin