Arab Today, arab today hyundai motor foundation to donate 20bn won to enhance culture
Last Updated : GMT 03:38:36
Arab Today, arab today
Arab Today, arab today

Hyundai Motor foundation to donate 20bn won to enhance culture

Arab Today, arab today

Arab Today, arab today Hyundai Motor foundation to donate 20bn won to enhance culture

Seoul - Yonhap

The charity foundation named after Hyundai Motor Co. Chairman Chung Mong-koo said Monday it will donate 20 billion won (US$17 million) to support various cultural programs for South Koreans over the next five years. The deal inked between the Hyundai Motor Chung Mong-Koo Foundation and the culture ministry called for the strengthening of cultural education for students and bridging the cultural divide in a country where people in provincial areas have limited access to culture. The foundation said it will also expand a voucher program so that students in poor families can enjoy cultural programs. Students majoring in arts and culture will also be eligible for scholarships. Culture Minister Yoo Jin-ryong said the contribution will \"lay a basis for cultural prosperity\" in South Korea. The foundation said it is pleased to play a role in improving people\'s quality of life and developing the country through culture. The latest move came more than a month after Chung donated all of his 360,000 shares in Innocean Worldwide Corp. -- an unlisted marketing firm of Hyundai Motor Group -- to the foundation. Chung donated 650 billion won to the foundation between 2007 and 2011 after he pledged to donate 840 billion won worth of his assets to society in an apparent attempt to gain leniency over his legal troubles. In June 2008, Chung was sentenced to a three-year prison term for embezzling 70 billion won and breaching trust in a retrial, though the sentence was suspended for five years. Chung did not serve time in jail, as he stayed out of trouble, and he received a presidential special amnesty along with other convicted business tycoons in August 2008. Hyundai Motor forms the world\'s fifth-largest automaker together with its smaller sister company Kia Motors.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hyundai motor foundation to donate 20bn won to enhance culture Arab Today, arab today hyundai motor foundation to donate 20bn won to enhance culture

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:38 2017 Friday ,24 March

Pass health bill Friday or he'll move on

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday