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Hyundai Chairman To Put $462M In Charity

Chung Mong-Koo, Chairman of Hyundai Motor, will allocate approximately $462 million to charity.

Chung Mong-Koo, Chairman of Hyundai Motor, will allocate approximately $462 million to charity, AFP reports. The money will be given to a charity group set up by the automaker.

Mong-Koo will award shares in Hyundai Motor subsidiary Hyundai Glovis to support children from poor families. The grant is the biggest personal donation ever made in South Korea.

Click here for the story from AFP.

Click here for additional coverage from Bloomberg.

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