Independence advocate Koo Kwang-ming to donate US$100 million
Central News Agency
2014-03-17 11:31 PM
Taipei, March 17 (CNA) The man dubbed the "godfather of the Taiwanese independence movement" said Monday that he will donate half of his assets to the foundation he runs in a bid to "give back to society." Koo Kwang-ming, 87, said the amount of his donation came to US$100 million, while the rest will go to his wife and sons after he passes away. Koo is the chairman of the New Taiwan Peace Foundation, which states its mission as research on international peace, and he served as an advisor to former President Chen Shui-bian. Anticipating the donated funds will generate considerable interest when put in a trust, Koo said that his foundation will be tasked with spending the money on cultural, educational and social causes. Koo's family amassed wealth from business activities. His late half-brother Koo Chen-fu was the founder of corporation Koos Group and served as the head of Taiwan's semi-official Straits Exchange Foundation from 1990 to 2005, during which time he was responsible for the first high-level talks between Taiwan and China since 1949. (By Sofia Yeh and Elizabeth Hsu)
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