09 Nov '11, 5am

Korean-Japanese billionaire to give away fortune - Yahoo! via @yahoosg

Seoul (The Korea Herald/ANN) - Han Chang-woo, a Korean-Japanese businessman who founded Maruhan Corp., Japan's largest operator of pachinko parlors, said Saturday he will donate all his wealth, worth US$1.7 billion, to help improve relations between the two countries. "I'd like to give away all the money I've made before I die. I can assure that my personal assets, except for the company to be handed over to my son and some money for my wife, will be used for the inter-development of Korea and Japan," Han told reporters in Busan. The 80-year-old Korean immigrant was ranked Japan's 17th-richest person by Forbes last year with net worth of 132 billion yen ($1.7 billion). A self-made entrepreneur, Han stowed away on a ship to Japan in 1947 to shake off poverty in the aftermath of the Korean War. He launched Maruhan in 1957 after graduating from college there and expanded the ...

Full article: http://sg.news.yahoo.com/korean-japanese-billionaire-away...

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