Lee Kwang-woo, former CEO of Stylus, has donated 2 billion won ($1.4 million) to his alma mater Seoul National University's College of Engineering and College of Human Ecology to support the development of future talents.
Seoul National University announced Wednesday that it held an appreciation plaque presentation ceremony for Lee at the administration building on Gwanak Campus on Tuesday, with President Yoo Hong-lim in attendance.
Of the donation, 1.5 billion won will be used to establish the "Lee Kwang-woo Global Engineering Talent Development Fund," which will provide annual funding for College of Engineering students to study abroad. Another 300 million won will create the "Lee Kwang-woo Scholarship Fund" for the College of Engineering, while 200 million won will establish the "Textile and Fashion Professional Talent Development Fund" for curriculum development and operations at the College of Human Ecology's Department of Textiles, Merchandising and Fashion Design.
Lee, a graduate of Seoul National University's Department of Textile Engineering, worked at Samsung C&T's apparel division before founding apparel exporter Jewoo Trading (now Stylus) in 1988. Stylus is a sportswear company that holds the domestic license for Italian sports brand Lotto.
