FOUNDER OF KAKAO SOLD $447 MILLION WORTH OF STOCKS AS DONATION

Highlights –

• Founder of Kakao sold $447 million worth of stocks as donation.
• Kakao's chairman had pledged in February this year to donate more than half of his assets.
• He had joined the Giving Pledge, a global campaign created by Bill and Melinda Gates and Warren Buffett.
• Kim is reported to have sold 1.73 million shares in Kakao, worth 200 billion won.