On May 16, the Sudang Foundation (Chairman: Kim Sang-Ha) held the 26th Sudang Award in the Crystal Ballroom of Lotte Hotel, located in Sogong-dong, Seoul. The ceremony was attended by around 230 participants from various fields including Chairman of Sundang Foundation Kim Sang-ha, former SNU President Kwon E-hyock, former National Academy of Sciences Chairman Lee Ho-wang, National Academy of Sciences Chairman Kwun Sook-il, former Prime Minister Goh Kun, former Governor of the Bank of Korea Park Seung, former Governor of the Republic of Korea National Red Cross Yoo Jong-ha, and Korea University President Jaeho Yeom, as well as Chairman Kim Yoon, Vice Chairman Kim Ryang, Vice Chairman Kim Won, and other group executives.

The event commenced with greetings from the Sudang Foundation Chairman Kim Sang-ha, followed by a progress report presented by Operation Director Kim Si-joong, an evaluation report by the judging committee member Jang Jeong-sik, the prize winner announcement, award presentation, and award acceptance speech. The ceremony was then closed with a word of congratulation by Chairman of Arts and Social Science Department at the National Academy of Science, Yoo Jang-hee, and a celebratory dinner.

Meanwhile, the Sudang Award, which marked the 26th anniversary this year, was launched by commemorating and giving recognition to Samyang Group Founder Kim Yeon-su’s deed of giving back to the nation through a successful business and fostering human resources. The award was revised as Sudang Science Award in 1974. Since then, it has been arranged by Kyungbang HR Fostering Association until the 14th award ceremony. In 2006, Sudang Foundation started to resume the hosting of the ceremony, encouraging people by awarding those who have established outstanding contributions in the areas of natural sciences, applied sciences, and humanities.