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Yoo Young-hak |
The Chung Mong-koo Foundation has named Yoo Young-hak, a former health vice minister, as the new chairman.
Starting next month, the 56-year-old chairman will lead the foundation to carry out social activities for the foundation, which was funded by Hyundai Motor Group.
Yoo graduated from Gyeongbuk High School, then Korea University and the University of California, Berkeley.
He had mostly served in the government as a public official since 1979.
The Chung Mong-koo Foundation, formerly Haevichi Foundation, has been offering educational support to students from low-income households.
Hyundai Motor chairman Chung, who donated 500 billion won ($440 million) via the foundation for social activities last August, mapped out a program to support 84,000 underprivileged students over the next five years.
The program involves comprehensive support for elementary, middle, high school and college students residing in farming and fishing villages across the country.
Aside from providing low-interest-rate loans for college tuition fees and other expenses, the program aims to foster talented students in science via intensive classes for middle and high school students.
By Kim Yon-se
(
kys@heraldcorp.com)
