KAIST Donation Relay: Receiving Hope and Sharing Love
Stream of donations includes 7.5 billion won worth of property and smartphone app profits Freshmen participate voluntarily in fundraising campaign KAIST student entrepreneur gives back to the nation
KAIST is enjoying a heartwarming winter with generous donations.
Seungwoong Lee and Jeongja Cho made a generous donation of 7.5 billion won to support the cultivation of talent in science. Students also did their part to spread the new culture of giving through voluntary donations.
Seungkyu Oh, a student entrepreneur, donated profits from selling a smartphone application he had developed. Meanwhile, freshmen participated in the Freshmen 10,000 Campaign to extend their gratitude to the university.
The student donations, regardless of the amount, hold significance because they were made out of a desire to give back to the nation and the university.
◆Elderly couple donates 7.5 billion worth of property to KAIST
An elderly couple in their 70s donated 7.5 billion won worth of property to KAIST.
Seungwoong Lee and Jeongja Cho, a couple living in Uijeong-bu, Gyeonggi Province, signed an agreement promising 7.5 billion won worth of property to KAIST. The property consists of three shops in Seongbuk-gu, Seoul and Uijeong-bu, Gyeonggi Province.
The couple decided to donate their possessions to society in the early days of their marriage, and selected KAIST as the recipient to fulfill their life-long dream.
Mr. and Mrs. Lee led a simple and humble life, making deliveries to earn money and thinking twice before spending even 500 won.
The couple said, “Our money did not come easy, but we want to keep our promise of giving back to society. It is more meaningful to do our part for the country than simply to leave our property to our children. We hope that our donation will contribute to the cultivation of young scientists who will help boost national competitiveness.”
◆KAIST freshmen conclude the year with donations
Freshmen at KAIST spent the last class of 2015 donating to the university.
A total of 271 freshmen participated in the Freshmen 10,000 Campaign as part of the final class of the year. Each student donated 10,000 won for a total of 2.71 million won, which was delivered to the school on December 10.
The Freshmen 10,000 Campaign, launched for the first time this year, is a fundraising campaign in which students voluntarily donate 10,000 won to express their gratitude to the university.
Hyein Seo, a student who took part in the campaign, said, “I was able to concentrate on my studies without financial difficulties thanks to the scholarship provided by KAIST. I plan to continue giving to the school as a gesture of appreciation.”
◆KAIST student entrepreneur gives back to the nation
"Students at the Korea Science Academy and KAIST are supported by government scholarships. Since high school, I have benefited greatly as a recipient of such scholarships. I want to prove that they have been worthwhile investments.”
A student at KAIST donated 30 million won, part of the profits made from selling a smartphone application, to the KAIST Development Fund. This is the highest amount ever donated by an enrolled undergraduate student.
Seungkyu Oh of the School of Electrical Engineering developed a subway app in 2010 when he found that existing apps were not user-friendly.
Oh’s Subway Navigation app provides the shortest path by checking operation hours in real-time when the user selects the points of departure and arrival. The app was released on the open market and became the second most downloaded subway app in Google Play. With more than 5 million users, the app has generated significant advertising profits.
Early this year, Oh sold the app at a reasonable price to Kakao Corp. For Oh, donating to the university was the first thing that came to mind. Without any hesitation, he generously donated 30 million won to the KAIST Development fund.
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