Lee Jung-geun, Chairman of Booyoung, Donates 20 Billion Won to KAIST

KAIST (President Kwang Hyung Lee) announced on the 4th that Chairman Joong Geun Lee of Booyoung Group donated approximately 20 billion KRW as a fund for dormitory remodeling.

On the 4th, Lee Joong-geun, Chairman of Booyoung Group, donated a development fund worth 20 billion won to KAIST. (From left) Lee Joong-geun, Chairman of Booyoung Group, and Lee Kwang-hyung, President of KAIST. Photo by KAIST

KAIST plans to use the donated fund to renovate the entire interior and exterior of the buildings, including mechanical, electrical, communication, and fire safety systems, as well as the exterior construction of the dormitories.

The targeted dormitories are the four most aged buildings: Nanum Hall and Gungdong Apartments on the Daejeon campus, and Sojeongsa and Pajeongsa on the Seoul campus. Nanum Hall, a student dormitory completed in 1989, was closed due to its outdated facilities. Gungdong Apartments, a married student dormitory completed in 1993, had been partially repaired but remained inconvenient due to aging facilities. Sojeongsa and Pajeongsa on the Seoul campus were completed in 1972 and 1975 respectively, and both required remodeling.

KAIST decided to name all remodeled dormitories after Chairman Lee’s pen name, "Ujeong," as "Ujeong Nanum Research Building (tentative)," "Ujeong Gungdong Apartments (tentative)," "Ujeong Sojeongsa (tentative)," and "Ujeong Pajeongsa (tentative)."

The 'Friendship Sharing Research Building Groundbreaking Ceremony' was held on the 4th at the KAIST Nanum Hall, which will be remodeled with a development fund from Lee Jung-geun, chairman of Booyoung Group. (Front of the left row) Lee Kwang-hyung, president of KAIST, and (front of the right row) Lee Jung-geun, chairman of Booyoung Group. Photo by KAIST

Chairman Joong Geun Lee said, "I hope that KAIST students, who are leading the development of the Republic of Korea, will nurture their dreams and talents in the ‘Ujeong’ dormitories and grow into outstanding talents."

President Kwang Hyung Lee stated, "We gratefully accept the great intention of Booyoung Group and its chairman for nurturing future talents, and we will continue to improve the aging dormitory facilities and environment, which have been the most requested by students, and strive to cultivate the world’s best talents."

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