Monday, August 29, 2011

Hyundai boss to give $462m to charity

Hyundai boss to give $462m to charity: Chung Mong-Koo will donate shares worth 500 billion won in Hyundai Glovis - a Hyundai Motor subsidiary - to help children from poor families, the company said in a statement.

The money will be donated to a charity group founded by Hyundai, it said, adding the sum was the largest personal donation ever made in South Korea.

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