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.
I think this is a shame. Obvious tainting from prosperity gospel.