Australia Targets AI Platforms With Strict Age Verification Rules 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Malta will gain from smart heritage 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
Nvidia to Launch New AI Inference Processor to Boost OpenAI Performance 
OpenAI Secures $110 Billion Funding Round at $840 Billion Valuation Ahead of IPO 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Coupang Reports Q4 Loss After Data Breach, Revenue Misses Estimates 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
Lynas Rare Earths Shares Surge 7% After Malaysia Renews Processing Plant Licence for 10 Years 
Trump Media Weighs Truth Social Spin-Off Amid $6B Fusion Energy Pivot 
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition 
Kim Beom Soo, the founder of Kakao Corporation, revealed that he would be donating more than half of his fortune to help solve social problems in South Korea. The businessman’s net worth has been estimated to be KRW10 trillion or around US$8.9 billion.
Kakao’s CEO vows to donate
He is the person behind South Korea’s most-used and biggest mobile messaging app called Kakao Talk, and on Monday, Feb. 8, Kim Beom Soo said he is pledging a big portion of his wealth to society.
"I have pledged to donate more than half of my assets to solve social issues throughout my life," Yonhap News Agency quoted Kim as saying in his message sent to Kakao's employees. "I aim to solve social issues and help people that Kakao has difficulty in approaching."
The Kakao chief is planning to make an official announcement via his company’s page soon. He will also be providing detailed information about his planned donation, which is said to be currently being discussed by the company.
Kim’s charitable donation put a spotlight on giving
With the news of his pledge to donate, Kim Beom Soo’s action was described as a good example of a wealthy person giving back through charity. It was added that the Kakao chairman’s act of kindness just made him into a role model and placed a spotlight on big donations given by other well-known people in the past.
As per The Korea Times, although there are many rich personalities who have done the same thing, this is the first time that a head of a business company donated trillions coming from his own pocket.
"Overseas, Microsoft founder Bill Gates, Facebook’s Mark Zuckerberg and others have donated large portions of their income and gained respect from society,” Oh Il Sun, director of Korea CXO Institute, said. “Through his donation, Kim Beom Soo could become a role model highly respected by the public, while spreading the culture of giving."
He went on to say that Kim’s action is really inspiring, but they have yet to see if his good deed will also influence other CEOs to follow suit. Meanwhile, Kakao’s chief executive officer is also NHN Entertainment’s co-founder, a company that is formerly affiliated with another massive South Korean conglomerate, Naver Corp.
