Beautiful Foundation Launches Social Inheritance Fund, Raising 120 Million Won for Youth Support

The Beautiful Foundation announced today (the 13th) that it held a launch ceremony for the Social Inheritance Fund together with the civic group "Social Inheritance Priming Water."

Social inheritance is based on the idea of returning a portion of assets accumulated through support from education, systems, and the community back to the next generation.

The Beautiful Foundation has raised 120 million won in funds from 123 individuals across various sectors.

This fund will be used to help build a social foundation for the younger generation.

The launch ceremony, held at the Kyowon Tour Concert Hall in Jongno-gu, Seoul, was attended by figures who proposed the Social Inheritance Fund, including Kim Hyung-tae, managing partner at Law Firm Duksu; Son Bong-ho, professor emeritus at Seoul National University; Won Hye-young, co-representative of the Well-Dying Culture Movement; Lee Kyung-hee, steering committee member of 60+ Climate Action; Ven. Jangjeok, abbot of Ilsunsa Temple on Bukhansan Mountain; Cho Hee-yeon, representative of Coexistence Courtyard; Ji Young-sun, former Consul General in Boston; and Chae Soo-il, chairman of the board of the Christian Academy.


At the event, Professor Son Bong-ho said, "Helping the most vulnerable is justice, and making society just ultimately benefits society," adding, "I want to support the next generation who may be facing difficulties right now."

(Photo courtesy of the Beautiful Foundation)
※ Please note: This article was translated by AI and may contain errors.