< An anonymous donor in his 50s made a gift of real estate valued at 30 billion KRW. This is the first donation from an anonymous benefactor on such a grand scale. >
The KAIST Development Foundation announced on May 9 that an anonymous donor in his 50s made a gift of real estate valued at 30 billion KRW. This is the first donation from an anonymous benefactor on such a grand scale. The benefactor expressed his wishes to fund scholarships for students in need and R&D for medical and bio sciences.
According to the Development Foundation official, the benefactor is reported to have said that he felt burdened that he earned much more than he needed and was looking for the right way to share his assets. The benefactor refused to hold an official donation ceremony and meeting with high-level university administrators.
The donor believes that KAIST is filled with young and dynamic energy, saying, “I would like to help KAIST move forward and create breakthroughs that will benefit the nation as well as all humanity.”
Before making up his mind to give his asset to KAIST, he had planned to establish his own social foundation but he changed his mind. “I decided that an investment in education would be the best investment,” he said. He explained that he was inspired by his KAIST graduate friend who is running a company. He was deeply motivated to help KAIST after witnessing the KAIST graduate’s passion for conducting his business.
After receiving the gift, KAIST President Kwang Hyung Lee was thankful for the full support and trust of the benefactor. “We will spare no effort to foster next-generation talents and advance science and technology in the field of biomedicine.”
CEO Beom-Jun Kim of Woowa Brothers also known as ‘Baemin,’ a leading meal delivery app company, made a donation of 100 million KRW in honor of the late Professor Kyong-Yong Chwa from the School of Computing who passed away last year. The fund will be established for the “Kyong-Yong Chwa - Beom-Jun Kim Scholarship” to provide scholarships for four students over five years. Kim finished his BS in 1997 and MS in 1999 at the School of Computing and Professor Chwa was his a2022-03-25
President Lee signs an MOU with New York-based Big Continent Inc. Chairman Hee-Nam Bae on funding the New York campus President Kwang Hyung Lee announced a plan to open a KAIST campus in New York with funding from New York-based entrepreneur Hee-Nam Bae. President Lee and Big Continent Inc. Chairman Hee-Nam Bae signed the MOU last week for the funding to open the campus in New York. President Lee said it will take years to open up a campus in New York in order to conform with both Korean an2021-12-13
Dong-Myoung Kim donated 2 billion KRW to fund the Kim Jae-Chul AI Graduate School Dong-Myong Kim, a 90-year-old resident living in Seongnam City in Kyonggido made a gift of 300 million KRW in cash and property valued at 1.7 billion KRW to fund the Kim Jae-Chul AI Graduate School. KAIST President Kwang Hyung Lee and a senior leadership team warmly received Kim during the donation ceremony on December 6 and delivered a plaque of appreciation. Kim, a certified judicial scrivener, sent a letter2021-12-08
Jungheung Group, a construction company in Korea, made a pledge to donate 30 billion KRW for semiconductor research and education at KAIST. Junghueng will spend 20 billion KRW to construct the semiconductor education and research facilities that will be established in Pyeongtaek City in collaboration with Samsung Electronics, and 10 billion will go for supporting the educational training program. The pledge ceremony was held at the Daejeon campus with Jungheung Group Chairman Chang-Sun Jung, K2021-07-20
Alumni Professor Kyunghyun Cho at New York University endowed the “Lim Mi-Sook Scholarship” at KAIST for female computer scientists in honor of his mother. Professor Cho, a graduate of the School of Computing in 2011 completed his master’s and PhD at Alto University in Finland in 2014. He has been teaching at NYU since 2015 and received the Samsung Ho-Am Prize for Engineering this year in recognition of his outstanding researches in the fields of machine learning and AI.2021-07-01