On July 11, AmorePacific Group chairman Suh Kyung-bae and seven figures from science circles gathered together and agreed to set up a science foundation (tentatively named the “Suh Kyung-bae Science Foundation),” South Korea's top cosmetics maker AmorePacific Group said.
The “Suh Kyung-bae Science Foundation,” scheduled to be launched as a public interest foundation in September, will fund basic science researches on a sustainable manner. Chairman Suh will dig into his own pocket to establish the foundation.
The goal of the foundation is to identify up-and-coming scientists and fund their trailblazing research in the field of bioscience in the long term.
Suh said, “Outstanding researchers will come up with new ideas and pioneer a new field of research in the process of validating their ideas. By doing so, they will produce innovative research results. Furthermore, I hope their work will contribute to ramping up the competitiveness of this country and helping humanity lead a more beautiful and healthier life.”