Daewoo Foundation

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Born in Daegu in 1936, Kim Woo Choong grew up with curiosity about wider world and a strong pioneering spirit. In 1967, at the age of 30, he founded the Daewoo Group and ventured into domestic and international markets under the vision of “global management,” opening new paths for Korea’s economic development.

His interests, however, extended far beyond corporate management. He believed that sustained national growth required nurturing people as much as growing the economy, and he emphasized the importance of structured support for education, scholarship, culture, and welfare.

With this conviction, he established the Daewoo Foundation in 1978 through a personal endowment of KRW 5 billion.

Founder’s Legacy

Achievements of
Founder Kim Woo Choong

In 1977, ten years after founding Daewoo Group, Kim began to contribute his personal assets to create social contribution institutions such as Ajou University and Daewoo Foundation, nurturing long-term development in community healthcare, medical services, social welfare, academic initiatives, Cultural And Artistic Initiatives, and education Support Initiatives.

He also established five schools, from elementary to university level, and six hospitals ranging from island clinics to advanced general hospitals. Nonprofit institutions founded under the Daewoo name include Daewoo Foundation, Daewoo Eduacational Foundation, Daewoo Scholarship Foundation, the Institute for Advanced Engineering, Daewoo Medical Foundation, and Jiseong Educational Foundation.

Contributions & Initiatives

Three Endowments and His Final Frontier

Kim Woo Choong made three personal endowments during his lifetime. Through the first, he brought medical services to the most underserved regions. Through the second, he laid the intellectual foundation for Korea's advancement. Through the third, he created a place where future generations could dream and grow.
Until his final days, he encouraged young people to venture into the world and build a global Korean network. Kim Woo Choong lived his entire life as a pioneer.

Endowments and Pioneering Initiatives

2011
Training global young entrepreneurs
- GYBM(Global Young Business Manager)
1990
Royalty donations from <Every Street Is Paved with Gold>
were used to support housing for child-headed families
- Daewoo Dream Village, Bongmyeong Community Child Center
1980
An endowment of his entire personal fortune of KRW 20 billion to support fundamental scholarship
- Daewoo Academia Series, Daewoo Classics Series, Kyujanggak Daewoo ‘Re-reading the Classics’
1978
Personal endowment of KRW 5 billion
- Shinan Daewoo Hospital (Bigeum Island), Wando Daewoo Hospital (Nohwa Island), Muju Daewoo Hospital (Seolcheon-myeon), Jindo Daewoo Clinic (Hajodo)

Founder’s Legacy

Achievements of
Founder Kim Woo Choong

In 1977, ten years after founding Daewoo Group, Kim began to contribute his personal assets to create social contribution institutions such as Ajou University and Daewoo Foundation, nurturing long-term development in community healthcare, medical services, social welfare, academic initiatives, Cultural And Artistic Initiatives, and education Support Initiatives.

He also established five schools, from elementary to university level, and six hospitals ranging from island clinics to advanced general hospitals. Nonprofit institutions founded under the Daewoo name include Daewoo Foundation, Daewoo Eduacational Foundation, Daewoo Scholarship Foundation, the Institute for Advanced Engineering, Daewoo Medical Foundation, and Jiseong Educational Foundation.

Contributions & Initiatives

Three Endowments and His Final Frontier

Kim Woo Choong made three personal endowments during his lifetime. Through the first, he brought medical services to the most underserved regions. Through the second, he laid the intellectual foundation for Korea's advancement. Through the third, he created a place where future generations could dream and grow.
Until his final days, he encouraged young people to venture into the world and build a global Korean network.
Kim Woo Choong lived his entire life as a pioneer.

Endowments and Pioneering Initiatives

2011
Training global young entrepreneurs
- GYBM(Global Young Business Manager)
1990
Royalty donations from <Every Street Is Paved with Gold>
were used to support housing for child-headed families
- Daewoo Dream Village, Bongmyeong Community Child Center
1980
An endowment of his entire personal fortune of KRW 20 billion to support fundamental scholarship
- Daewoo Academia Series, Daewoo Classics Series, Kyujanggak Daewoo ‘Re-reading the Classics’
1978
Personal endowment of KRW 5 billion
- Shinan Daewoo Hospital (Bigeum Island), Wando Daewoo Hospital (Nohwa Island), Muju Daewoo Hospital (Seolcheon-myeon), Jindo Daewoo Clinic (Hajodo)

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