For Students Dedicated to Studies and Research… The Winds of Donation Blowing Through KUBS

This autumn, a wave of donations has swept through Korea University Business School (KUBS), with alumni business leaders and faculty generously contributing to support KUBS students who are deeply committed to their studies. 

Former KOSAC Chairman Cheon Gu Heo Donates 200 Million KRW to KUBS’s ‘Unmong Scholarship Fund’—Total Scholarship Contributions Reach 700 Million KRW 

Cheon Gu Heo, a 1959 graduate of the Department of Commerce and former Chairman of KOSAC (Korea Soda Ash Corporation), originally donated 1 billion KRW in 2016 to establish the Unmong Scholarship Fund (Cheon Gu Heo Scholarship Fund). In 2017, he launched the "Unmong Association," a community for scholarship recipients named after his pen name, to foster ongoing connections among students. Since then, Chairman Heo has provided 300,000 KRW per student each semester. 

However, his contributions have not stopped there. On September 12th, a donation ceremony was held at the president’s office in Korea University’s main building, where Chairman Heo made an additional donation to the Unmong Scholarship Fund. Attendees included Korea University President Dong-One Kim, Vice President for Development and External Affairs Hojung Shin, and KUBS Dean Eonsoo Kim. Chairman Heo stated, "It is my responsibility to help students focus on their studies," vowing to continue supporting students as they grow into future leaders. 

President Kim expressed his deep gratitude, saying, "We are profoundly thankful for Chairman Heo’s continued support, which stems from his love for his alma mater. We will continue to nurture students so they can become global leaders in their respective fields."

Chairman Heo has donated numerous scholarships to both Korea University and KUBS. Of the 450 million KRW he donated on this occasion, 200 million KRW was earmarked for KUBS’s Unmong Scholarship Fund, bringing his total contributions to KUBS to 700 million KRW. The Unmong Scholarship Fund, in recognition of Chairman Heo’s generosity, provides recipients with 3 million KRW per semester for living expenses. Starting in the spring 2024 semester, the number of recipients will increase, with six KUBS students receiving scholarships each semester. 

Professor James L. Park Donates 100 Million KRW for MS/PhD Student Scholarships 

KUBS Professor James L. Park has pledged to donate 100 million KRW to provide research scholarships for KUBS master's and PhD students. This donation marks the first scholarship fund dedicated specifically to supporting MS/PhD students, reflecting Professor Park’s commitment to fostering the development of young scholars who will contribute to academic research and societal progress. 

Associate Dean for Research Dae Il Nam remarked, "MS/PhD students are the future leaders of both academia and society. I hope this donation sparks further support for our graduate students."