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| Education |
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| Scholarship Programs |
 Korea¡¯s first private-sector scholarship foundation
was
established by Samyang Founder Kim Yeonsu
(pen
name Sudang). In 1939, he set up the Yang
Young
Hoe (subsequently renamed the Yang Young
Foundation) to help cultivate human talent in line
with his
stated philosophy of ¡°earn money honestly
and use
it properly for the intellectual advancement
of all
Koreans.¡± Thus, from very early on, Samyang
has
supported education, one of the very finest ways
to
return part of corporate profits to society.
In 1968, Samyang executives decided to also establish the Sudang Foundation, expanding the scholarship programs provided by Samyang. Through changing times, Samyang has consistently provided scholarship programs, recognizing that the best ways to advance the nation were to support research needed by society and support the education of talented people.
Besides student scholarships, the Yang Young and Sudang Foundations provide financial support for research conducted by to 20-30 university professors and other professionals each year. They also support the operation of educational institutions and academic organizations. Such brad-based support is helping to keep scholarship alive and well in Korea. |
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| Yang Young Foundation |
 This foundation, established by Samyang Founder
Kim
Yeon-su in 1939, provides scholarships to
70-80
students each year. Originally, the goal of
the foundation was to cultivate talent in the national
sciences,
which would play a pivotal role in nati-
onal industrial
development. The nation¡¯s best
scientific minds were
given funds to conduct
research, helping to put Korea
on the scientific map.
In 1962, the eligibility for student aid was expanded
beyond the natural sciences to include the humanities.
At the same time, funding was provided to professors to assist in their research and the publishing of their research papers. Finally, the financial assistance recipients were expanded to include organizations that promote social projects and academic research. |
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| Sudang Foundation |
 The top management at Samyang Corporation estab-
lished this foundation in 1968. Initially, the goal was
to support the education of Samyang employees¡¯
children, but over time the scope of the scholarship
program was expanded nationwide. Unlike the Yang
Young Foundation, the scholarships offered by the
Sudang Foundation are mainly for middle and high
school children as well as university students.
The Foundation also provides research grants to
professors in the natural sciences and helps
educational institutions.
Moreover, the Sudang Prize (These prizes are in their 15th year) was instituted to carry on the spirit of national service and human resources development that characterizes the philosophy of Samyang Founder/Chairman Kim Yeon-su. The Prizes are presented to individuals who have made exemplary contributions in either science & technology or culture & social science. categories. |
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