A first-generation Korean-American entrepreneur in Southern California has made headlines by donating $1 million to his alma mater in South Korea to help foster future generations.
The individual is Sang H. Choi (85), CEO of Astronic, an electronic equipment manufacturer based in Aliso Viejo, Orange County. Having entered Pusan National University as a mechanical engineering major in 1959, Choi will donate $1 million to his alma mater over the next five years through the Pusan National University Development Foundation.
Choi established Astronic in 1982, a decade after arriving in the United States from Korea in 1972. He has expanded the company by supplying manufacturing equipment to major corporations. Choi used to invite Pusan National University alumni to visit his company, Astronic, when they traveled to the U.S.
He reportedly decided to contribute to the development fund during a meeting with Pusan National University President Cha Jeong-in in March last year. Choi has stipulated that the funds be used to assist students who are struggling financially with their studies.
“I am proud to have graduated from Pusan National University, and I have developed my company through many challenges with pride,” Choi stated, expressing his desire to give back to his alma mater and support younger generations with this donation.
Pusan National University plans to use the funds to establish a scholarship in Choi’s name. This scholarship aims to provide financial aid to students facing economic difficulties and to enhance their global competencies, including opportunities for internships abroad.
Astronic will also continue its cooperation with Pusan National University by offering internships to students from the institution.
BY BRIAN CHOI, JUNHAN PARKÂ Â [ichoi@koreadaily.com]
