Samsung coughed up the promised $1bn donation

Samsung Equal Opportunity Scholarship Foundation’ which has already received the Samsung $1bn donation, had its first board meeting on October 13 and appointed Shin In-ryung, former president of Ewha Womans University, as the head of the foundation.

The office is located in Gateway Tower in Dongja-dong, Youngsan-gu, Seoul and now up and running. The foundation will hold a regular board meeting sometime in November in which it will confirm a business plan for next year. The scholarship program for the underprivileged will start in earnest from next year.

The Ministry of Education announced the list of board members consisted of 10 people: advisor to Bank of Korea Park Churl, former minister of the Ministry of Planning and Budget Kim Byung-il, president of KIST Kum Dong-hwa, former president of Ewha Womans University Shin In-ryung, Ewha professor Lee Hye-sook, former superintendent for educational affairs of Kangwon-do Kim Byung-doo, former president of Kyungbok high school Lee Sang-kap, director of Foundation for Broadcast Culture Lee Ok-kyung, stage actress Shon Sook, and secretary-general of YMCA Lee Hak-young.