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Lee Su Young President of Gwang Won Industries Donates Real Estate worth 7 Million USD​
View : 6405 Date : 2012-09-22 Writer : ed_news

On the 14th of September Lee Su Young President of Gwang Won Industries (since 1988) donated her entire personal real estate in Los Angeles worth 7 million USD.

President Lee commented that “the strength of Science and Technology is the strength behind the development of Korea and I am certain that KAIST is the driving force” and the she “wishes to help out on the nurture of excellent intellectuals”.

“I have led a frugal life, working hard and buying real estate in America. Wealth is not something that you can take beyond death so I always spent rationally in order to return my accumulated wealth back to society. I pondered what would be best for the development of Korea and without a moment’s hesitation I chose KAIST.”

President Lee was touched by the drive for innovation by President Seo and the members of KAIST working day and night for the development of KAIST.

“It was very moving to see a world renowned scholar like President Seo working tirelessly for the past six years to resurrect and develop KAIST. If KAIST continues to develop at such a pace then I am sure that KAIST will become a world class university. Donating to KAIST was sure to be equivalent to donating the Korea.”

President Lee led a life more frugal and most and yet she did not have even a moment’s hesitation in donating her entire fortune.

“My only wish is to see my donation help the students of KAIST with their studies. What more could I expect from them if they become outstanding servants of Korea.”

President Lee graduated from Gyungi Girl’s High School and majored Law in Seoul National University and worked as a newspaper reporter from 1963 to 1980.

She is the President of Gwang Won Industries which began as Gwang Won Ranch in 1971, and is also the Head Board Member at Seoul National University’s Scholarship Foundation for the College of Law.

The donation will be used to fund the ‘KAIST-Lee Su Young International Education Program’ which encompasses the currently under test Education 3.0 program which will allow for the next generation student led education system using multimedia services.