Like father, like son

Former ruling Grand National Party Chairman Chung Mong-joon explains the background of his donation for the establishment of Asan Sharing Foundation at the Asan Institute for Policy Studies in downtown Seoul on Tuesday. Hyundai Group affiliates said they will set up a foundation with 500 billion won (466.4 U.S. million dollars), 200 billion won (186.6 million dollars) of which will come from Chung’s private coffers. The photo behind Chung shows his late father and group founder Chung Ju-yung in his early years.

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