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A frugal couple donates life savings of '35billion Korean Won' to KAIST.
Chairman Kim Byoung Ho and Mrs. Kim Sang Yeol have been the center of attention with various news articles and columns detailing their generous donation of real estate to KAIST, which amounted to 35billion Korean Won in value in total. Korean Broadcasting System (KBS) broadcasted a story on Chairman Byoung Ho and Mrs. Kim Sang Yeol on the 22nd of September. The broadcast link: http://news.kbs.co.kr/society/2011/09/22/2360159.html Yahoo News also posted their donation on September 21, 2011. News link: http://ph.news.yahoo.com/frugal-woman-donates-4-3m-science-041003479.html
Mrs. Kim Sam Yeol donates to KAIST 5 billion Korean Won in real estate following her husband Chairman Kim Byoung Ho's act of generosity.
“Everything is hard the first time around, but it becomes easier from the second time around. The same goes for donation. I wish my small donation can go a long way in the development of KAIST.” Chairman Kim Byoung Ho donated to KAIST 30 billion Korean Won in real estate in 2009 and on the 19th of September of 2011, his wife Mrs. Kim Sam Yeol visited President Seo Nam Pyo at KAIST Seoul campus to donate 5 billion Korean Won in real estate. It is the first time in KAIST history that the donator of a substantial donation or his/her family member donates once more, an equally substantial donation. Mrs. Kim relayed that, “Seeing the Kim Byoung Ho & Kim Same Yeol IT Fusion Center start construction in May of this year as a result of my husband’s donation made me think how great a contribution we have made in the development of this country” and that “It has been some time since I decided to make additional donation upon the completion of the IT Fusion Center in December.” She explained that the earlier than planned donation reflects her wish that KAIST begin using and investing her donation as quickly as possible. Mrs. Kim stated that, “We planned to build a mansion to live in in commemoration of our 30th wedding anniversary on the real estate property we donated, but it seemed much better and meaningful to take part in the joy of giving and donate to KAIST with the belief that the property will be used in a more meaningful way.” She went on to say that, “It was harder to make the decision to donate the second time around. We felt sorry for our son and his spouse, but our decision was made final when we thought of the professors, students, staff, including President Seo Nam Pyo who spend day and night working to develop science and technology in Korea.” Her husband Chairman Kim Byoung Ho agreed to donate the real estate property to KAIST. President Seo commented, “Mrs. Kim Sam Yeol’s donation will contribute greatly to the spread of the ‘donation virus’ and will be marked as the start of a new chapter. In order to commemorate her goodwill for KAIST, it will be seen to it that the donation will be used in manner that is meaningful and beneficial to the development of KAIST.” The couple, Kim Byoung Ho and Kim Sam Yeol, has donated a sum of 20 million Korean Won since their 2009 donation for the development of KAIST.
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