Economy 365

The Suh Kyung-bae Science Foundation, which has supported long-term research by young scientists in South Korea, has marked its 10th anniversary.

Established in 2016 by Amorepacific Group Chairman Suh Kyung-bae with 300 billion won of his personal wealth, the public-interest foundation has helped young researchers in basic life sciences—a field that requires a long time to produce results—immerse themselves in research without being bound by short-term outcomes.

Over the past 10 years, a total of 35 researchers have been supported, with cumulative research funding reaching 910 billion won.

Starting this year, the foundation has also introduced a new system that initially provides 900 million won over three years, and based on mid-term evaluations and research achievements, can support a single researcher with up to 5 billion won for a maximum of 12 years.

The initiative aims to expand the research foundation of basic science in South Korea through sustained, long-term investment.

*This article was produced with AI audio.