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Asan Sharing Foundation launched

Asan Sharing Foundation was launched at the Hyundai Group headquarters in Gyedong, Jongno, Seoul, on Thursday. Participants in the ceremony were (from left to right) Han Jung-hwa, Choi Gil-sun, Chung Jin-hong, Kim Tae-hyun, Lee Seog-yeon and Kwon Oh-gap. (Yonhap News)
Asan Sharing Foundation was launched at the Hyundai Group headquarters in Gyedong, Jongno, Seoul, on Thursday. Participants in the ceremony were (from left to right) Han Jung-hwa, Choi Gil-sun, Chung Jin-hong, Kim Tae-hyun, Lee Seog-yeon and Kwon Oh-gap. (Yonhap News)

Hyundai Group has launched the Asan Sharing Foundation at its headquarter in Gyedong, Jongno, Seoul, on Thursday.

The 500 billion won ($437 million) charity foundation was established by the Hyundai clan including Grand National Party lawmaker Chung Mong-joon, Hyundai Heavy Industries Group and family members in memory of the late founder of Hyundai Group Chung Ju-yung who passed away 10 years ago.

Chung Jin-hong, honorary professor of Seoul National University, will chair the foundation. The former government legislation minister Lee Seog-yeon, Sungshin Womens’ University Prof. Kim Tae-hyun, Hanyang University Prof. Han Jung-hwa, actor Ahn Sung-ki, the Munhwa Ilbo President and Publisher Lee Byung-kyu and former president of Hyundai Heavy Industry Choi Gil-sun are board members of the foundation.

By Lee Woo-young  (wylee@heraldcorp.com)
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