Richest Man in South Korea, Michael Kim, Gifts Haverford College $25M

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One of the richest men in South Korea Michael Kim, has just given Haverford College $25 million to found its Institute for Ethical Inquiry and Leadership, writes Susan Snyder for The Philadelphia Inquirer.

Michael B. Kim, a Haverford College alumnus and an incoming college board chairman, leads a private South Korean equity firm. He’s been referred to as “the godfather of Asian private equity”.

The gift is the largest amount in the school’s history.

Kim , 60, is committed to educating Haverford College students about the role, importance, and value of ethics and ethical leadership..

“We can look at the world we live in and understand there is no better time than now for focusing and investing in ethical leadership,” added Wendy Raymond, president of Haverford, College.

Kim was 11 when he came to the United States with his family from South Korea. He enrolled at Haverford College as an English major, earning a bachelor’s degree in 1985, then an MBA at Harvard University.

He founded MBK Partners, one of Asia’s largest private equity firms, managing more then $3 billion in assets.

Today, Kim resides in Seoul but also has U.S. citizenship. 

Read more about the life of Michael Kim and his commitment to Haverford College in The Philadelphia Inquirer.


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