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Baemin CEO Endows a Scholarship in Honor of the Late Professor Chwa
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 advisor. The late Professor Chwa was a pioneering scholar who brought the concept of computer algorithms to Korea. After graduating from Seoul National University in electric engineering, Professor Chwa earned his PhD at Northwestern University and began teaching at KAIST in 1980. Professor Chwa served as the President of the Korean Institute of Information Scientists and Engineers and a fellow emeritus at the Korean Academy of Science and Technology. Professor Chwa encouraged younger students to participate in international computer programming contests. Under his wing, Team Korea, which was comprised of four high school students, including Kim, placed fourth in the International Olympiad Informatics (IOI). Kim, who participated in the contest as high school junior, won an individual gold medal in the fourth IOI competition in 1992. Since then, Korean students have actively participated in many competitions including the International Collegiate Programming Contest (ICPC) hosted by the Association for Computing Machinery. Kim said, “I feel fortunate to have met so many good friends and distinguished professors. With them, I had opportunities to grow. I would like to provide such opportunities to my juniors at KAIST. Professor Chwa was a larger than life figure in the field of computer programming. He was always caring and supported us with a warm heart. I want this donation to help carry on his legacy for our students and for them to seek greater challenges and bigger dreams.”
Krafton Matches Alumni Donations to Raise 11 Billion KRW for SW Developers
Alumni donations from the School of Computing, including Baemin and Devsisters, continue to grow Alumni from the KAIST School of Computing who are current and former developers at the leading game company Krafton, established by KAIST alumna Byung-Gyu Chang, made an agreement to help raise 11 billion KRW during a ceremony on June 4. The funds raised in the matching grant will be used to nurture software developers. Krafton Chairman Chang donated 10 billion won last January. His donation inspired other alumni working at Krafton as well as its former developers. Eleven KAIST alumni raised 5.5 billion KRW in two months and discussed the matching grant idea with Chairman Chang. The Krafton matching grant ceremony was attended by President Kwang Hyung Lee, Provost and Executive Vice President Seung Seob Lee, Vice President for Research Sang Yup Lee, Head of the School of Computing Sukyoung Ryu, Krafton Chairman Byung-gyu Chang, and KAIST alumnus from Krafton Seung-woo Shin. Other alumni donors including Krafton CEO Changhan Kim joined the ceremony online. Krafton CEO Changhan Kim said, “Just as our alma mater played an important role in growing our company, we hope that our donation could help support good developers. This will not only help our company, but advance our industry.” KAIST and Krafton also signed a business agreement to foster competitive developers. Krafton said it plans to continue giving back to society through the matching grant program. Head of the School of Computing Sukyoung Ryu thanked Chairman Chang and alumni who took part in the fund raising, saying, “To take the lead in rapidly changing computer technology, we desperately need more top students, faculty members, and facilities. We need more resources and infrastructure for interdisciplinary research.” The School of Computing has seen significant growth recently. Its number of undergraduate students has increased from 450 in 2016 to more than 900 in 2021. With this donation, the school will expand its current buildings to provide diverse educational and mentoring programs in more spacious facilities. Seung-woo Shin (Class of ’92), who joined Krafton’s matching grant, said, “I have always been thankful for the people I met and what I learned at KAIST. I was moved by the idea of giving back to the school.” Seong-jung Ryu (Class of ’97) said, “This donation reminded me of the good times I had back then. I thought it was crucial that the department’s facilities be extended, so I naturally wanted to take part.” Alumni donations, especially from the School of Computing, have also continued to grow more recently. Woowa Brothers Corp. CEO Beom-Jun Kim, the developer of the meal delivery app ‘Baemin’ donated 100 million KRW in April. Baemin became the most used app in the country during the COVID-19 pandemic. He explained, “I have been thinking about ways to give something to the next generation, rather than ‘paying back’ those who helped me in the past.” Encouraged by Baemin’s donation, alumni couple Ha-Yeon Seo and Dong-Hun Hahn from the School of Computing and eleven alumni engineers working at Devsisters Corp. also followed suit.
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