Korea Maritime & Ocean University Holds Delivery Ceremony for “Forman Shipping Group Scholarship Fund”
The Forman Shipping Group has pledged to consistently provide funds for the development of its alma mater over 30 years, and serves as a role model for the local community.
At the “Forman Shipping Group Scholarship Fund” delivery ceremony held in the policy conference room of the University Administration building on April 18, the Korea Maritime & Ocean University (President, Deog-hee Doh) received an agreement for a university development fund of USD 300,000 from the Forman Shipping Group (CEO, Ki-tae Kim).
The Forman Shipping Group is an integrated logistics company located near the Long Beach terminal in the United States. Its main businesses include cargo transportation, customs clearance, container transportation, and warehousing. Its CEO, Ki-tae Kim, graduated from the Department of Ship Navigation System Engineering (48th class) at the Korea Maritime & Ocean University College of Maritime Sciences.
Under the agreement, the company will donate USD 10,000 to the university every year for 30 years. The funds will be used for scholarships for students of the College of Maritime Sciences. The scholarship fund carries deep meaning as it demonstrates Kim’s special affection for his alma mater and juniors.
The delivery ceremony was attended by important figures from both organizations. At the event, the Forman Shipping Group CEO Ki-tae Kim said, “When I was a college student, I received a scholarship which laid the groundwork for my future. Thanks to that, I am now able to lead this company.” He added, “I want to become an alumnus who can help his juniors in various ways in the future.”
Deog-hee Doh, President of Korea Maritime & Ocean University, said, “Thank you very much for not forgetting about your alma mater and promising to help nurture the next generation. The scholarship funds you donated will be provided to students in need to foster exceptional talent.”