A Bust of Park Jae-don, Chairman of Korea Pharma, Installed at Yeungnam University ... 1 Billion KRW Donated to University Development Fund

Yeungnam University (President Choi Oechul) held an unveiling ceremony for the bust of Park Jae-don, Chairman of Korea Pharma (age 78).

The bust of Chairman Park Jae-don was installed to the right of the entrance of Baekdam Hall at Yeungnam University College of Pharmacy. This was to honor Chairman Park’s contributions as a business leader who led South Korea’s economic growth and donated over 1.06 billion KRW in development funds to his alma mater Yeungnam University, thereby contributing to the university’s advancement and encouraging a culture of giving.

Yeungnam University held an unveiling ceremony for the bust of Park Jae-don, chairman of Korea Pharma, on the 16th.

The College of Pharmacy, where Chairman Park’s bust is located, is a building newly constructed in 2020. At that time, the construction of the Yeungnam University College of Pharmacy building was a long-cherished wish of the pharmacy alumni but faced difficulties in raising construction funds. Chairman Park was the person who sparked the fundraising efforts for the building’s construction.

As the first graduate of Yeungnam University College of Pharmacy, Chairman Park donated 1 billion KRW for the building fund, and his donation initiated active fundraising activities among the alumni. Baekdam Hall, the largest lecture hall in the new College of Pharmacy building, was named after Chairman Park’s pen name “Baekdam (白潭).”

Chairman Park, who enrolled in the Department of Pharmacy at Yeungnam University in 1955, founded Korea Pharma in 1974 and grew it into a global pharmaceutical company leading the development of South Korea’s pharmaceutical industry. Through continuous research and development and manufacturing management, he expanded the company to produce and supply medicines to multinational pharmaceutical companies and export over 50 types of finished pharmaceuticals to more than 30 countries worldwide, gaining global recognition for its technological and production capabilities. He demonstrated outstanding expertise as both a pharmaceutical expert and a business leader. For these achievements, he was awarded an honorary doctorate in business administration from Yeungnam University in 2017.

Chairman Park served as a director of the Korea Pharmaceutical Industrial Cooperative, vice chairman of the Korea Pharmaceutical Export-Import Association, and chairman of the Korea Pharmaceutical Cooperative. Recognized for leading Korea Pharma to become a global pharmaceutical company, he received numerous awards including the 1999 Million Dollar Export Tower, the Korea International Trade Association Chairman’s Commendation, the 2005 Presidential Commendation on Commerce and Industry Day, the 2008 IMI Management Award, the 2009 Order of Industrial Service Merit (Iron Tower), and was selected in 2012 as one of the “Faces Who Shined in Small and Medium Enterprises” by the Korea Federation of SMEs.

Attending the bust unveiling ceremony on behalf of Chairman Park, his eldest daughter and Korea Pharma CEO Park Eun-hee said, “I deeply respect my father, who grew the company with outstanding vision and leadership and devoted himself to national development and social contribution activities. It is meaningful that his bust has been erected at his beloved alma mater.” She added, “I hope my father’s social success and dedication will be remembered by the university for a long time. We will continue to honor his achievements and carry on his noble spirit of sharing and precious intentions.”

Yeungnam University President Choi Oechul said, “There is a phrase in Yeungnam University’s school song: ‘Become creators of a new history.’ I believe the path Chairman Park Jae-don has walked is the footprint of a creator of new history. I respect him for contributing to national and social development as a business leader and for consistently practicing sharing.” He continued, “I hope the juniors studying in Baekdam Hall will take pride as Cheonma people and grow into talents who contribute to the advancement of human society by following Chairman Park’s footsteps.”

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