SEOUL, Feb. 7 (Yonhap) -- Software mogul Ahn Cheol-soo unveiled more details of his management plan for his new charity Tuesday, saying he will sell part of his stake in his software company to raise the funds needed to operate the charity.
Ahn, the founder of the nation's largest anti-computer virus software firm AhnLab Inc., announced through his company that he will start liquidating 860,000 shares in his company, expected to fetch 112 billion won (US$100 million), next week to raise the cash.
The rest of his promised donation of 1.86 million shares will be made in kind, he said.
On Monday, the 50-year-old dean of the Seoul National University's Graduate School of Convergence Science and Technology announced his plan to launch a charity foundation next month to provide fair job and education opportunities for the country's younger generation.
When the donation is completed as promised, Ahn's 37.2 percent stake in the company will decrease to 18.6 percent.
Ahn said he will retain his remaining stake so the company can keep its founding spirit.
