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Korean president to donate entire fortune to charity!
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legalquestions



Joined: 25 Mar 2007

PostPosted: Fri Dec 12, 2008 6:04 pm    Post subject: Korean president to donate entire fortune to charity! Reply with quote

Just before the presidential election last year, Lee Myung Bak vowed to donate his huge personal fortune (except for his house) to charity, if elected. He subsequently went into office by a landslide, but he has failed to carry through on the promise to give away his fortune.

All talk of this promise has been quietly swept under the carpet, and Korean people seem to have forgotten about it. Do any of you remember?

Korea - hub of integrity, not!
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Join Me



Joined: 14 Jan 2008

PostPosted: Fri Dec 12, 2008 6:04 pm    Post subject: Reply with quote

I remember very well. Rolling Eyes
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Ekaia



Joined: 31 Oct 2008
Location: Seoul

PostPosted: Fri Dec 12, 2008 6:05 pm    Post subject: Reply with quote

Sources plz.
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legalquestions



Joined: 25 Mar 2007

PostPosted: Fri Dec 12, 2008 6:17 pm    Post subject: Reply with quote

The source is my brain. I read the local papers and view the web sites. It ws all over the news last year. You can probably google it if you need a written source. Who else remembers this hollow promise?
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Fri Dec 12, 2008 6:24 pm    Post subject: Reply with quote

Laughing
That`s up there with "I did not have sexual relations with..."
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jvalmer



Joined: 06 Jun 2003

PostPosted: Fri Dec 12, 2008 6:30 pm    Post subject: Reply with quote

He never said he'd donate his entire fortune. I think he said he'd donate his annual salary to charity. So, that would be 5 years worth of Korean presidential salary. My guess it would be close to 1 billion won by the end of his term.
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legalquestions



Joined: 25 Mar 2007

PostPosted: Fri Dec 12, 2008 6:41 pm    Post subject: Reply with quote

No, he said he'd donate his salary (which to his credit he has done, so far), and his huge personal fortune (less the house in southern Seoul). Trust me on this one!
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crossmr



Joined: 22 Nov 2008
Location: Hwayangdong, Seoul

PostPosted: Fri Dec 12, 2008 6:52 pm    Post subject: Reply with quote

legalquestions wrote:
No, he said he'd donate his salary (which to his credit he has done, so far), and his huge personal fortune (less the house in southern Seoul). Trust me on this one!

Not as far as I can throw you. Surely there is a news story which covered this promise? It'd be a big deal.
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Konglishman



Joined: 14 Sep 2007
Location: Nanjing

PostPosted: Fri Dec 12, 2008 6:56 pm    Post subject: Reply with quote

legalquestions wrote:
No, he said he'd donate his salary (which to his credit he has done, so far), and his huge personal fortune (less the house in southern Seoul). Trust me on this one!


Are you sure about this? Then, except for what he could sell his house for, he would have no money.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Fri Dec 12, 2008 7:04 pm    Post subject: Reply with quote

http://www.cnn.com/2008/WORLD/asiapcf/03/31/south.korea.salary/index.html

http://english.chosun.com/w21data/html/news/200812/200812120017.html

http://www.haaba.com/node/112506


The OP is right, he did promise to donate "most" of his wealth. But, remember, he still has a few years to go before he's out of office. And, I personally wouldn't care much if he didn't go through with it.

They estimated his wealth to be around 30 billion, so 25 billion to charity and 5 billion left would be plenty to live on, plus a nice presidential pension.
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legalquestions



Joined: 25 Mar 2007

PostPosted: Fri Dec 12, 2008 7:09 pm    Post subject: Reply with quote

Don't you people read the paper? It was all over the news. In fact, he promised to give it to charity, even if he lost the election! Talk about a massive vote buying scam!

And the Korean voters were naive/foolish enough to believe it. Haha! And, in true Korean fashion, after being elected he reneged on his promise! Haha, Koreans are so lacking in integrity! What more glaring example could there be than this one?

If you need sources just google Lee Myung Bak promises to give/donate personal fortune/wealth to charity. You'll see numerous stories there.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Fri Dec 12, 2008 7:12 pm    Post subject: Reply with quote

Still 4+ more years to go before you can call him out on this.
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Fri Dec 12, 2008 7:17 pm    Post subject: Reply with quote

He won't do it. What CEO is going to give away his wealth? They'd blow it on ping pong shows before they'd help the poor and needy or give back to their country.
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crossmr



Joined: 22 Nov 2008
Location: Hwayangdong, Seoul

PostPosted: Fri Dec 12, 2008 7:36 pm    Post subject: Reply with quote

legalquestions wrote:
Don't you people read the paper? It was all over the news. In fact, he promised to give it to charity, even if he lost the election! Talk about a massive vote buying scam!



Yeah, he certainly didn't follow through on it before:
Quote:
As mayor of Seoul for four years, he donated all of his monthly pay to scholarship funds for children of street sweepers and firefighters.


and he's been donating his current salary. how much of your salary are you donating?
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ryoga013



Joined: 23 Nov 2008

PostPosted: Fri Dec 12, 2008 8:23 pm    Post subject: Reply with quote

sojourner1 wrote:
He won't do it. What CEO is going to give away his wealth? They'd blow it on ping pong shows before they'd help the poor and needy or give back to their country.


http://kr.youtube.com/watch?v=fF6lxILnRuE

city bus, buys his lunch, works with own people... lowers his own pay AND cuts his perks.... It would never be done in the US or Korea
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