Kang Byeong-jung, chairman of Nexen Group, is donating 10 billion won to Pusan National University.
According to industry sources on July 9, Nexen Tire announced on July 7 that Kang would donate 1,445,087 shares of Nexen Tire, valued at approximately 10 billion won, to the Pusan National University Development Foundation.
Kang stated, "I am pleased to be able to support Pusan National University at a time when universities play a crucial role in the balanced development of the nation alongside local communities and businesses. I hope that more opportunities are created for young people to dream and challenge themselves in their local areas."
Since the mid-1970s, when he became the chairman of his alma mater Jinju Ibanseong Middle School, Kang has been involved in educational and scholarship initiatives, contributing to the development of talent and supporting underprivileged groups for over 50 years.
To date, he has donated approximately 50 billion won through personal contributions and three cultural scholarship foundations, including KNN Cultural Foundation, Nexen Wolsuk Cultural Foundation, and Wolsuk Seondojang Scholarship Foundation, benefiting around 10,000 students.
Previously, he made headlines by donating 15 billion won to his alma mater Dong-A University as a development fund and contributed 3 billion won during the bid for the 2030 Busan World Expo. His late wife, Kim Yang-ja, who passed away three years ago, also donated 10 billion won in stocks and bonds to a public foundation.
* This article has been translated by AI.
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