On May 9, KAIST announced that an anonymous philanthropist in their 50’s donated three buildings worth a total of 30 billion KRW to KAIST. The donor hesitated to attend donation agreement events and meetings with school officials in order to maintain their anonymity. During essential meetings, they wore a mask and hat low so that their face was not revealed. They did not reveal any personal information other than their name and date of birth, which were needed for the transfer of property.

The donor said, “I have always felt burdened with having more money than necessary to live. I think I will be able to sleep well from now on after donating at an early age.” They  continued, “The impression I got from KAIST was ‘energetic’ and ‘pure’. I hope my donation becomes a cornerstone of contributing to the development of not only Korean society but also that of the entire human society.”

The anonymous donor is the youngest among the previous donors to donate more than 30 billion KRW to KAIST. They have been a thrifty person throughout their life, consistently helping the underprivileged and terminally ill patients for more than 10 years. According to one of the school officials, the donor had been considering founding a social enterprise for a more long-term and significant donation. However, they contacted KAIST after concluding that donations for education are the most reasonable and meaningful way to make a positive impact on society.

The donor’s selection of KAIST as the recipient of the donation was largely influenced by an acquaintance who graduated from KAIST and runs a company. The donor once asked the acquaintance why theyhe insists on recruiting people from their alma mater. “People from KAIST work hard. They even stay up all night and work.” Hearing this response sparked the donor’s interest in the institution and led to their decision to donate to KAIST.

KAIST President Kwang Hyung Lee said, “I sincerely thank the donor for making a big decision to donate all their assets in their 50s,” and stressed, “I could feel their deep interest towards the school in that their intention of donation exactly matches the direction of our university.” In accordance with the donor’s will, KAIST plans to use this donation as scholarships for students in need and research funds in medical science and biological fields.