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Tuesday, September 28, 2021

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Techies give more than half of their wealth

Kim Beom-su, intends to donate a large part of his assets. AFP

A South Korean tycoon named Kim Beom-su has announced that he will donate more than half of his wealth. This is not a trivial matter as the man’s assets are valued at 9.4 billion dollars or the equivalent of more than 1200 billion Icelandic krónur.

According to him in the AFP news agency, he wants the money to be used for social development.

Kim Beom-su’s wealth is due to the design of a number of technology solutions in telephones, including the one he is said to have designed messaging applications that are used by % South Koreans. His company is also said to be one of the ones that has benefited the most during the virus epidemic due to increased technology use.

The announcement is considered a sign of change in thinking among the richest. Bill and Melinda Gates and Warren Buffet have already announced that they have or intend to donate a large portion of their assets.

In fact, about 90 of the richest people in the world have promised to donate a large part of their wealth. However, this has not been the case with the wealthy in Southeast Asia. Kim Beom-su is the first in South Korea to praise such an act, but the country has many billionaires who have benefited from the technology sector, which is powerful in the country.

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