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Unprecedented Donation by Korean Stem Cell Leader: Dr. Jeong-Chan Ra of RNL Bio announces the donation of 90% of his wealth
Date:9/8/2012

SEOUL, South Korea, Sept. 8, 2012 /PRNewswire/ -- Dr. Jeong-Chan Ra, founder and largest shareholder of RNL Bio (www.rnl.co.kr), an international biotechnology research and development firm, has pledged to give away 90% of his personal wealth over the next 10 years to promote social causes consistent with the values of human life.  Dr. Ra will donate 90% privately owned equity, equity-related bonds, warrants and other assets of RNL Bio Co. and RNL Bio affiliates to the following four non-profit organizations: Bethesda Life Foundation, Yesung Medical Corporation, Academia Christiana of Korea, and Central Christian Academy.

Since 2009, Dr. Ra, based on the value of respect for human life, has supported various causes that promote social justice, access to health care, and wellness across the lifespan. A donation of $1M from Dr. Ra established the Bethesda Life Foundation (http://www.bethesdalife.org/index.php/donate), a nonprofit organization for social welfare, committed to providing patients with chronic rare diseases with access to medical care and life-saving therapies.

Through his donation, Dr. Ra wants to continue his healthcare support for those with retractable diseases as well as support for educating children of underprivileged patients with such diseases. Dr. Ra "hoped that this donation becomes the turning point for RNL Bio to fulfill its responsibility as a society helping enterprise." He also explained that while he continues to serve as a stem cell scientist at RNL Stem Cell Technology Institute he plans to focus his efforts upon the research on finding cure of rare chronic diseases.

Dr. Ra's gift is made in the spirit of other major corporate leaders worldwide who have become instrumental philanthropists by converting their personal fortune into a foundation for good, including Bill Gates, Warren Buffett and Bill Clinton. Dr.
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SOURCE RNL Bio
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