'Baemin' Kim Bong-jin "200 Billion Fund Raised for Medical, Living Expenses, and Scholarships for Restaurant Owners" (Update)

'The Giving Pledge' Reveals Detailed Plan to Donate 500 Billion Won
"Regardless of Baemin Residency... Will Help Struggling Owners"
"Providing 10,000 Laptops to Support Study Despite Difficult Circumstances"

The couple Kim Bong-jin and Seol Bo-mi, registered as the 219th donors to 'The Giving Pledge'.

[Asia Economy Reporter Kim Bo-kyung] Kim Bong-jin, chairman of Woowa Brothers, the operator of Baedal Minjok, revealed a concrete plan on the 12th to donate his assets worth 500 billion KRW to society through 'The Giving Pledge.'

He stated that he would establish a fund of 10 billion KRW each for medical and living expenses for restaurant owners and scholarships for their children. This applies to all restaurant owners regardless of whether they are affiliated with Baedal Minjok. Additionally, to address educational inequality, he plans to provide 10,000 laptops to low-income students.

On the morning of the same day, Chairman Kim posted on his Facebook, "I would like to share one by one the things I have prepared since recently declaring my social contribution through The Giving Pledge."

He said, "The first step in social contribution is to support educational inequality issues and restaurant owners."

First, Chairman Kim said, "We will establish a fund of 10 billion KRW to support medical and living expenses for restaurant owners who face sudden accidents or illnesses that cause difficulties in their livelihood."

He added that this fund targets restaurant owners in difficult circumstances regardless of their affiliation with Baedal Minjok. The 10 billion KRW fund will be prepared by donating personal assets over five years.

He continued, "We plan to provide scholarships for the children of restaurant owners both domestically and internationally to help them continue their studies despite difficult circumstances."

This fund of 10 billion KRW will also be established by donating personal assets over five years.

He expressed his intention to support 10,000 high-spec laptops for low-income students, noting that "the information and learning gaps are widening further in the digital age."

Chairman Kim said, "I will share progress and other plans through various channels whenever possible."

In closing, he apologized for the frequent announcements recently, saying, "I feel sorry for the frequent exposure due to recent announcements. Now, I will focus on the business and strive to ensure that the half of our assets my spouse and I pledged to donate to society will be returned not just as 500 billion KRW but as a greater value to society."