Pantech Group awards $2 million to Korean Studies Program at APARC
Korea's leading companies, Pantech Co., Ltd., and Curitel Communications, Inc. (known as the Pantech Group) have awarded a $2 million gift to support the Korean Studies Program at the Asia-Pacific Research Center (APARC), within the Stanford Institute for International Studies.
The Pantech gift will create the Stanford Korea Forum, led by Professor Gi-Wook Shin, which will convene a conference every year on different aspects of the U.S.-Korea relationship. Three fellowships will also be established: one for mid-career professionals in public service, journalism, and business who will spend three to nine months at Stanford as Pantech Fellows; one for invited Korean scholars to come to Stanford during the summer; and a third for undergraduate and graduate students interested in Korean studies. In addition, the gift will help to sustain critical activities of the Korean Studies Program in APARC, such as public lectures, ongoing research, and policy briefs.
Under the leadership of Byeong Yeop Park, the Founder and Chairman, the Pantech Group had combined sales of 14 million sets worldwide, with a total gross revenue of U.S. $1.7 billion in 2003, placing them in the top three mobile handset manufacturers in Korea, and the eighth largest in the global market.
The Korean government has recognized Mr. Park's achievements with numerous awards. His strong investment in R&D and his recruitment of top technological talent have led to steady and sustainable profits for Pantech, and the company has a record of supporting broad social programs in local communities.
Regarding the company's commitment to Stanford, Mr. Park said, "I am extremely pleased to be part of this outstanding and unique program on Korean Studies. I recognize Stanford's contribution to promoting mutual understanding between Korea and the U.S. by bringing together prominent scholars, policymakers, and business leaders of both countries. I'm so proud that Pantech Group will be contributing to developing the next generation of leaders in building the relationship between Korea and the United States. I hope that our pledge will help attract to Stanford some of the brightest young minds of our two countries."
Professor Shin was delighted about the generous Pantech gift. Korean Studies have blossomed at Stanford over the past three years under Shin's leadership, and he notes that this new commitment will "facilitate American understanding of Korea and elevate Stanford's Korean studies program to the next level of excellence." Shin also underscored the importance of the timing of this gift, "as the United States is now entering a new era in its relations with both North and South Korea."
The Asia-Pacific Research Center (APARC) is a unique Stanford University institution focused on the study of contemporary Asia. APARC's mission is to produce and publish Asia Pacific-focused interdisciplinary research; to educate students, scholars, and corporate and governmental affiliates about the importance of U.S.-Asian relations; to promote constructive interaction to understand and resolve the region's challenges; to influence U.S. policy toward the Asia-Pacific; and to guide Asian nations on key foreign relations, government, political economy, technology, and social issues. APARC is part of the Stanford Institute for International Studies.