Chung Mong-koo, 5 billion won to Seoul Asan Hospital

Plans for nurturing human resources and supporting the underprivileged

“Father wants to end the vicious cycle of disease and poverty

To become a world-class hospital beyond the best in Korea”

Chung Mong-koo, Honorary Chairman of Hyundai Motor Group./Photo courtesy of Hyundai Motor Company

Chung Mong-koo (pictured), the honorary chairman of the Hyundai Motor Group, made 5 billion won to Seoul Asan Hospital, saying he hopes it will help our society’s needy neighbors.

The Asan Social Welfare Foundation recently announced on the 12th that the honorary chairman Chung donated 5 billion won to the Seoul Asan Hospital in honor of his father, the late Chung Ju-young, the honorary chairman of Hyundai Group. He said, “I hope that this will help our neighbors in need in our society, following the will of my father who established the Asan Foundation and Asan Medical Center in order to break the vicious cycle of disease and poverty.”

Honorary Chairman Chung Ju-young founded the Asan Social Welfare Foundation in 1977 with the belief that corporate profits are returned to society. At that time, he founded the foundation with the meaning of’helping our society’s most difficult neighbors’. To this end, the foundation is carrying out medical projects, social welfare support projects, academic research support projects, and scholarship projects. Regarding the medical business, the foundation has established hospitals in Muui Village nationwide with the aim of “making everyone receive equal medical benefits” since its establishment in 1997. Later, on June 23, 1989, Seoul Asan Hospital was opened under the goal of creating a hospital that will raise the level of medical care in Korea as well as the parent hospital of the local Asan Hospital.

Honorary Chairman Jeong said, “I hope that Seoul Asan Hospital will go beyond the best in Korea and develop into a world-class hospital.”

The donation he delivered will be used for the development and research of cutting-edge medical technology at Asan Hospital in Seoul, nurturing medical talents, and medical support for underprivileged neighbors.

Hyundai Motor (005380)The Chung Mong-koo Foundation donated 1 billion won to Asan Hospital in Seoul in 2013. Seoul Asan Hospital recently ranked 34th in the global market, three places higher than last year, in’The World’s Best Hospitals’ selected by Newsweek, a weekly magazine in the United States. In Korea, it was ranked first for three consecutive years.

/ Reporter Seo Jong-gap [email protected]

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