About the Foundation
LG Yonam Education Foundationwas founded in 1973 by Honorary Chairman Koo Cha-kyung in honoring the commitment of Koo In-Hwoi, the founder, to nurturing talented individuals and promoting science and technology.
As a great contributor to the national economic development by founding the LG Group, Koo In-Hwoi, the founder whose pen name is Yonam, perceived corporate responsibility and founed Yonam Cultural Foundation in 1969 with a view to engaging in public service projects for community and culture and educational projects for fostering talented individuals.
Upholding founding chairman Koo In-Hwoi's will, Koo Cha-Kyung (currently Honorary Chairman of LG), the first chairman of the Board of Directors of LG Yonam Academy, opened the Institute in 1974, convinced that it was crucial to train talented professionals who would serve as the bellwether of the agricultural foundation to ensure balanced development of the Korean rural community, which fell behind during the industrial development in the 1970s.
|Dec. 1969||Yonam Cultural Foundation founded.|
|Apr. 7, 1973||Association of initiators formed to found the educational foundation.|
|Apr. 16, 1973||Application filed for approval of the creation of Yonam Academy.|
|Jun. 27, 1973||Yonam Academy Foundation created.|
|Jul. 13, 1973||Koo Cha-kyung swears in as the first chairman of the Board of Directors.|
|March 1995||Name changed to LG Yonam Education Foundation.|
|Apr. 25, 2016||Koo Bon-moo swears in as the second chairman of the Board of Directors.|
Jul. 25, 2018
|Lee Moon-ho swears in as the 3rd chairman of the Board of Directors.|
The Purpose of Creating LG Yonam Academy
The educational foundation will be created with the funding from Yonam Cultural Foundation and operated with its continuous financial support according to Article 2, Section 3 of its Articles of Association. Yonam Cultural Foundation was created with the aim of promoting the country's modernization, training talented individuals with a view to upgrading the national culture, and promoting science and technology.
We are founding and running a livestock technology high school in responding to the government's 'plan to greatly increase technical high schools' which is primarily focused on 'instilling science in the general public' with a view to accomplishing the current government's three major goals of remarkably developing rural village, building heavy-chemical industry, and greatly boosting export.
Accordingly, in responding to the government's policy for disperse educational facilities outside Seoul and promote livestock industry, our educational foundation wants to create a school in a schoolless region in Cheonan County in Chungcheong South Province, which is designated the country's livestock complex. Furthermore, we want to implement pragmatic and efficient vocational school through industry-university cooperation and hands-on education by exempting students from all schooling expenses including tuitions and providing dormitory and modernized livestock farming practice facilities.
Our school will play a role in the rural community income boosting projects including Saemaeul Movement, which are designed to encourage the farm village-specialized projects and improve productivity through collaborative work that are implemented by the domestic livestock industry with a view to making extraordinary development of the rural community. Mindful that livestock is a the only growth industry as a promising export industry from rural community because the global demand for livestock foods is increasing as some of livestock farming is sidelined as a pollution industry in advanced countries, we are founding the school with the aim of directly contributing to achieving 10-billion-dollar export and 1,000-dolllar per capita income in the 1980s through spreading livestock farming as a corporate business and cultivating technology-focused work.