On Monday, Mirae Asset Financial Group Chairperson Park Hyeon-joo donated the entirety of the dividends from Mirae Asset Global Investments he received last year, amounting to 1.6 billion won (US$1.2 million).

This donation by Park marks the 13th of its kind since the chairman vowed in 2010 that he would pay forward all dividends he received from the company to Korea’s younger generations. His cumulative donations come to 29.8 billion won.

The funds will be used for leadership training and social welfare programs by the Mirae Asset Park Hyeon Joo Foundation and Mirae Asset Hope Foundation, including their scholarships for student exchanges.

An official with Mirae Asset Financial Group commented that the two foundations had sponsored over 400,000 people so far.

By Kim Kyung-ae, staff reporter

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