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Anonymous philanthropist donates 5.5 billion won to KAIST​
View : 5479 Date : 2012-09-24 Writer : ed_news

 An unnamed philanthropist donated a large sum of money to KAIST to be used as funds for the school"s development. 

 
On September 6th, the donor met with President Suh to donate a sum of 5.5 billion won to the school for the development of science and technology. 
 
A KAIST representative announced that the donor did not want to be named and that he was greatly impressed by President Suh"s and KAIST"s efforts towards reformation. The philanthropist wanted the donation to be used for research funds and financial aid. 
 
President Suh said that "KAIST was deeply thankful and that it would work harder to show fulfill the donor"s wishes" and that the money would indeed be used for research and the students. 
 
This was the 6th largest donation since the start of President Suh"s post in July 2006. Since 2006, the accumulated KAIST development fund has increased 30 times, from 5.9 billion won at the end of 2006 to 180 billion won in September 2012.

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