Honorary doctorate for Daewoo founder

Kim Woo-choong, right, founder of the now-defunct Daewoo Group, shakes hands with Jeong Se-hyun, president of Wonkwang University, after receiving an honorary doctorate in business administration at the school’s campus in Iksan, North Jeolla Province, Tuesday. The university conferred the degree on Kim in recognition of his contribution of 1 billion won to the school’s fund in 1987 when Wonkwang and Daewoo set up a sisterhood relationship. / Courtesy of Wonkwang University