The Booyoung Group will construct a dormitory and donate it to Yonsei University. On April 15, Yonsei University and the Booyoung Group signed an agreement for the construction of “Woojeongwon,” a student dormitory building that will be located in the northern part of the Sinchon Campus. Booyoung will donate Woojeongwon to Yonsei University after completion. The new dormitory is to be named “Woojeong” after the nickname of Booyoung Group Chairman, Lee Joong-geun. With floor space of about 6,612㎡, Woojeongwon will be able to accommodate around 415 students. The construction costs for the ferroconcrete structure are estimated to be nearly 10 billion won. At the signing ceremony, Chairman Lee Joong-geun said: “I hope that the new dormitory building, Woojeongwon, will help hard-working Yonsei students from rural areas to realize their dreams. I also hope that this project will set an example for cooperative relations between universities and companies in the future.” He added: “I expect the Woojeongwon project to be highly successful, contributing to the educational goals of Yonsei.” Currently, Yonsei University provides dormitory housing for some 10,000 students. There are six dormitory buildings on the Sinchon Campus (the four Muak Dormitory buildings, along with the International House and the SK Global House), which provide accommodations for 3,265 students. At the Yonsei International Campus in Songdo, there are two dormitory buildings, which currently house 2,786 students (additional dormitory facilities at YIC will be completed next year), while the dormitory building on the Wonju Campus accommodates 4,035 students. The construction of Woojeongwon dormitory is just one of the most recent construction projects undertaken by the Booyoung Group; in fact, they have built dormitories, libraries, and sports centers for 130 schools and welfare institutions throughout Korea. The Booyoung Group’s first donation project was at Neung-joo High School, where they erected a dormitory. In 2004, the Group extended its projects to 14 countries in the Asia-Pacific region, including Vietnam, Cambodia, Laos, Thailand, East Timor, Malaysia, Papua New Guinea, Indonesia, and the Philippines, building around 600 elementary schools. The Booyoung Group has also begun to provide scholarships for Neung-joo High School graduates who are admitted to Yonsei.