Feb 10 • 02:13 UTC 🇰🇷 Korea Hankyoreh (KR)

Hanyang University Becomes the First in South Korea to Name a College After a Donor, Launching 'Hanyang YK Intercollege'

Hanyang University has officially renamed one of its colleges to honor a prominent donor, marking a significant step in promoting a culture of educational philanthropy in South Korea.

Hanyang University has made history by becoming the first university in South Korea to name a college after a donor, officially renaming its College of Interdisciplinary Studies to 'Hanyang YK Intercollege' to honor Yong Ki Yi, the chairman of the A&E Foundation. This change reflects a growing trend in the academic world to intertwine donor support with the identity of educational institutions, highlighting the shared educational philosophy between the university and its benefactors.

Yong Ki Yi, an alumnus of Hanyang University, faced significant financial hardships while pursuing his education abroad, which influenced his commitment to supporting education. He established the global HVAC company TRUaire and has been devoted to philanthropy in various sectors, including healthcare and welfare. Yi emphasized the importance of creating educational environments that provide opportunities to students, irrespective of their financial circumstances, inspired by his own experiences as a student struggling to finance his studies.

The renaming initiative is not just a recognition of Yi’s contributions but also an endorsement of a long-term vision for educational philanthropy, as he continues to support scholarships and educational programs at Hanyang University. Yi's philanthropic activities extend beyond education to include medical assistance for underprivileged children in South Korea, further showcasing his commitment to giving back to society. Through initiatives like 'My First Passport,' which facilitates overseas experiences for students, Yi and Hanyang University aim to enrich the educational landscape and foster a culture of generosity and opportunity for future generations.

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