Haedong Science & Culture Foundation Chairman Jung-sik Kim

donated 500 million won to the GIST Development Fund

On May 26, 2016, the Haedong Science & Culture Foundation Chairman Jung-sik Kim donated 500 million won to GIST. This is the highest donation made to GIST by an individual.

Chairman Kim said, “I was very impressed and moved by GIST’s achievements by showing world-class research capacity of coming second for citations per faculty in the QS World University Rankings, so I have decided to make this donation for the continued success of GIST’s future visions.”

Chairman Kim wants the fund to be used for the expansion of academic information facilities, and GIST will honor his request. Oryong Hall will feature state-of-art IT equipment in an internet-styled café with informational access rooms, online video screening rooms, and meeting rooms. The facility will be named the "Haedong Academic Information Room."

Chairman Kim graduated from Seoul National University in 1956. He founded the circuit board manufacturing company "Daeduk Electronics" in 1972, and it grew to have annual revenues of 600 billion won. Chairman Kim"s foundation has been expanding the development of science and education through his foundation.