< Chairman Soo-Young Lee at the KAIST Development Foundation (far left) was selected as one of 15 philanthropists in Asia by Forbes Asia. (Photo by Forbes Asia) >
Chairman Soo-Young Lee from the KAIST Development Foundation was named one of 15 philanthropists who made the biggest donations in the Asia-Pacific region by Forbes Asia on November 11.
The annual Heroes of Philanthropy list features the 15 the most generous individual philanthropists who are donating from their personal fortunes, not through companies. This year, the biggest philanthropies donated to make a difference in wide arrays of sectors such as Covid-19 relief to education and the arts.
Chairman Lee donated totaling 68 billion KRW to KAIST in July. Her donation marked the largest donation KAIST has ever received. She is one of two Korean philanthropists that Forbes selected. Honorary Chairman of GS Caltex Dong-Soo Huh also made the list.
Her donation will establish the Soo-Young Lee Science Education Foundation to support ‘the Singularity Professor program’ that KAIST is launching. She expressed confidence that her donation will fund KAIST researchers to make breakthroughs that will lead to a Nobel Prize.
“Without the advancement of science and technology, Korea cannot be one of the top countries in the world. I believe KAIST can make it with our all supports,” she frequently said when asked why she selected KAIST for her donation.
Chairman Lee previously made generous donations in 2012 and 2016 and said she plans to make another gift to KAIST in the very near future.
A self-made elderly couple in their 90s made a 20 billion KRW donation to KAIST on March 13. Chairman of Samsung Brush Sung-Hwan Chang and his wife Ha-Ok Ahn gave away their two properties valued at 20 billion in Nonhyon-dong in Seoul to KAIST during a ceremony on March 13 in Seoul. Chairman Chang, 92, made a huge fortune starting his business manufacturing cosmetic brushes. Building two factories in China, he expanded his business to export to high-end cosmetic companies. Chairman Chang, a n2021-03-15
Dongwon Group Honorary Chairman and Founder Jae-chul Kim donated his private property worth ₩50 billion (US $46 million) to KAIST on December 16. Honorary Chairman Kim’s gift will fund the KAIST Graduate School of AI (GSAI), which was established last year. The KAIST GSAI will be re-named the ‘Kim Jae-chul Graduate School of AI’ to honor Honorary Chairman Kim. This is the third major donation that KAIST has received this year following KAIST Development Foundation Chairman S2020-12-16
KAIST started the fundraising campaign to construct the 50th Anniversary Memorial Building. This is one of the projects and events the 50th Anniversary Commemorative Committee established to celebrate the anniversary. The ground will be broken in 2022 after raising approximately 50 billion KRW through 2021. The five-story building will be the latest addition to the KAIST campus. To highlight the campus’s history, the new building will connect the N5 (Basic Experiment & Research) and N2020-10-07
The largest amount since the opening of KAIST will fund ‘Singularity Professors’ KAIST Development Foundation Chairman Soo-Young Lee made a gift of real estate estimated at approximately $57 million on July 23. This is the largest donation KAIST has received since it was founded in 1971. The fund will establish the “Soo-Young Lee Science Education Foundation” and the proceeds of the foundation will go to the “Singularity Professors” as necessary resource2020-07-23
KAIST will launch a Singularity Professor track, which gives more freedom to researchers for pursuing their research goal. This more flexible and creative research environment institutionally supports researchers as they dive deeper into their research for a longer period of time without any strings attached. The track was established in an effort to ensure more competitive researchers who can lead the way for new advances in science and technology. This innovative research initiative is part2020-07-21