Chung’s donation draws attention to his presidential ambitions
Aug 16, 2011
Former Grand National Party chairman and the country’s third-richest man Chung Mong-joon took a major step in his run-up to the presidential election next year by donating 200 billion won for charity. Former Hyundai Group affiliates announced Tuesday that they will set up a 500 billion won ($467 million) foundation, 200 billion of which came from Chung’s private coffers, to help reduce social in...