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(单词翻译:双击或拖选)
South Korea's president is donating his personal assets to charity. The former corporate1 executive has set up a foundation to disperse2 his fortune of $26 million. From Seoul, Jason Strother has the story.
South Korea President Lee Myung-Bak
President Lee Myung Bak is standing3 by his 2007 campaign promise to give his wealth to charity after taking office.
His assets, including property and personal savings4, are valued at $26 million. The president's family will retain close to $4 million and one home and the rest will go to the foundation Mr. Lee is establishing.
The 67-year-old head of state earned much of his wealth while serving as chief executive office and chairman of Hyundai Engineering and Construction before entering politics in the early 1990s.
His new foundation will use the money to fund scholarships and other services for young South Koreans.
Cho Hyun Jin, assistant secretary to the president, thinks Mr. Lee's own experience with poverty has a lot to do with why he chose to give away his wealth.
"He truly understands what severe poverty means and it is his belief that no one should not able to go to school because of poverty," Cho said.
It is unusual in South Korea for a wealthy person to give away so much money. Owners of the nation's family-run conglomerates5, known as chaebols, usually pass down wealth to their relatives.
Reaction to Mr. Lee's donation has generally been positive from opposition6 parties and civic7 groups that are often critical of the president. But some politicians are concerned that there will not be enough oversight8 as to how the money is dispersed9, noting that Mr. Lee's close associates will run the foundation.
Mr. Cho of the president's office says there is no merit to these complaints.
South Korea's Ministry10 of Education must first approve the creation of President Lee's foundation before his funds can be transferred to it.
1 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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2 disperse | |
vi.使分散;使消失;vt.分散;驱散 | |
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3 standing | |
n.持续,地位;adj.永久的,不动的,直立的,不流动的 | |
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4 savings | |
n.存款,储蓄 | |
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5 conglomerates | |
n.(多种经营的)联合大企业( conglomerate的名词复数 );砾岩;合成物;组合物 | |
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6 opposition | |
n.反对,敌对 | |
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7 civic | |
adj.城市的,都市的,市民的,公民的 | |
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8 oversight | |
n.勘漏,失察,疏忽 | |
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9 dispersed | |
adj. 被驱散的, 被分散的, 散布的 | |
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10 ministry | |
n.(政府的)部;牧师 | |
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