Small Business Chairman Who Worried About Tuition Fees During School Days Donates Scholarship to Chosun University, Making Headlines

Chairman Jo Gyu-baek of CNCO Donates 20 Million Won to Development Fund

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] A chairman of a small and medium-sized enterprise has become a hot topic for donating a scholarship to Chosun University, recalling the difficult times he had to raise tuition fees in his youth.

According to Chosun University on the 31st, Chairman Jo Gyu-baek of CNCO Co., Ltd. donated 20 million won to the Development Fund of the College of Future Social Convergence at Chosun University.

Chairman Jo also donated 10 million won to the development fund supporting the activation of employment-first and study-later programs at the College of Future Social Convergence during the ‘100 Family Companies Invitation MOU Signing and Industry-Academia Exchange Meeting’ held last June.

The donation ceremony was attended by President Min Young-don, Dean Kim Jong-kyung of the College of Future Social Convergence, Director Kim Bong-cheol of External Cooperation, Shin Juhyun, Head of the New Industry Convergence Department, Lee Gyubong, Head of the Human Convergence Service Department, and Professor Moon Seung-ryeol of the Human Convergence Service Department.

President Min presented Chairman Jo Gyu-baek with the development fund agreement and a certificate of appreciation.

The scholarship donated by Chairman Jo will be awarded to exemplary students enrolled in the College of Future Social Convergence.

Chairman Jo said, “Since I could not receive tuition support from home, I worked as a day laborer to barely save enough tuition and graduated from a night college,” adding, “I had the intention to donate scholarships once I was financially able, and I am glad this has come true.”

He further added, “In the future, I will continue to help students in need through various means, including donating a certain percentage of the profits from product sales as scholarships.”

President Min stated, “The College of Future Social Convergence aligns with the founding philosophy of Chosun University, which emphasizes ‘productive education,’” and expressed gratitude to Chairman Jo Gyu-baek for donating the second scholarship.

Meanwhile, CNCO Co., Ltd. is a company developing technologies related to solar power generation, construction, electricity, and safety. It was registered as a family company of the College of Future Social Convergence at Chosun University during the industry-academia exchange meeting last June and contributes to increasing regional employment and job placement rates through the activation of employment-first programs linked between industry and academia.

This content was produced with the assistance of AI translation services.