LG Chairman supports research abroad awards in 27th year

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LG Chairman supports research abroad awards in 27th year

Published: 30 Jun. 2015, 20:58

LG Group Chairman Koo Bon-moo, the newly appointed LG Yonam Foundation Chairman, attended a ceremony called Yonam Overseas Research Program for Professors held at the LG Tower in Seoul on Monday.

The Yonam Overseas Research Program for Professors, which has been held for 27 years, was first set up in 1989 by then-chairman Koo Cha-kyung, father of the current chairman. The program supports 30 professors annually with overseas research funds for a year, awarding 747 professors 23 billion won ($26 million) so far.

This year, Yi Gyu-chul, a professor in the physics and astronomy department at Seoul National University who invented high-efficiency and low-cost LEDs and Myung Hyun, a professor of Civil and Environmental Engineering at Kaist, were selected with 28 others.