Church in Korea Loses Cred

The Korean Protestant church attracts over 400 billion Korean Won (USD 340 million) in revenue every year. But only 3% of that money makes it to the less fortunate.

That’s great news for Mercedes Benz, but bad news for the poor.

According to the international blog community, the Korean church is decreasing in numbers, bleeding credibiltiy and it might soon lose its tax-exemption status due to negligence and corruption among the mega-churches.

Reformation, anyone? Read more at Global Voices.

Related. Check out the richest Nigerian pastors.

Andrew

Andrew Jones has been blogging since 1997. He is based in San Francisco with his two daughters but also travels the globe to find compelling stories of early stage entrepreneurs changing their world. Sometimes he talks in the third person. Sometimes he even talks to himself and has been heard uttering the name “Precious” :-)

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