"Please Use for COVID-19 Research and Treatment of Underprivileged Patients"

Former Sanghyeon Textile CEO Jo Gyu-gang (left) is taking a commemorative photo with Park Seung-il, Director of Seoul Asan Hospital.

Former Sanghyeon Textile CEO Jo Gyu-gang (left) is taking a commemorative photo with Park Seung-il, Director of Seoul Asan Hospital.

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[Asia Economy Reporter Lee Gwan-joo] Seoul Asan Medical Center announced on the 6th that former Sanghyeon Textile CEO Cho Gyu-gang (67) donated 1 billion KRW to be used for COVID-19 research and treatment of underprivileged patients.


Former CEO Cho founded Sanghyeon Textile (now SH Textile), a chemical fiber company, in 1983 and led the company for over 20 years. He was diagnosed with colon cancer in 2005 and stepped down from management, and in 2017, he was additionally diagnosed with prostate cancer. After a long battle, he has now been declared fully cured.


Having experienced cancer twice, former CEO Cho contemplated ways to give back to society where help is most needed, and with the active support of his family, he generously donated a large sum to Seoul Asan Medical Center.


Cho said, “I decided to donate with the hope of contributing to overcoming the crisis of COVID-19 and easing the burden on patients who suffer from both illness and treatment costs while fighting disease. I want to support Seoul Asan Medical Center, which has worked hard to treat numerous severe and COVID-19 patients, in continuing to fulfill its social responsibilities.”



Seoul Asan Medical Center plans to use former CEO Cho’s donation for COVID-19 prevention research and support for treatment costs of underprivileged patients.


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

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