Working For Closer Ties between Korea and Vietnam

Pony Chung Foundation delivers scholarships to Vietnamese university students

Hyundai Development Co.'s Pony Chung Foundation delivered scholarship certificates to university students at the Scholarship Awarding Ceremony held at Hanoi National University in Hanoi, Vietnam, on Nov. 10-11, the foundation said recently.
On Nov. 10 some 60 people including Vice Chancellor of Hanoi National University Phung Xuan Nha attended the event to present the certificates, while some 70 people attended the same event at the Ho Chi Minh National University in Ho Chi Minh City led by Vice Chancellor Nguyen Duc Nghia on Nov. 11, the foundation said.
Chairman Kim Jin-hyun said at the event that they "should be the workers that will lead Vietnam in the future" and he hopes that Vietnam and Korea will develop together.
The Pony Chung Foundation was set up in November 2005 by Chairman Chung Mong-kyu to commemorate his late father's contribution to the development of Korea's auto industry by running Hyundai Motor at its early stages.
Hyundai Development, in the meantime, opened the model unit for its Ara I'Park apartment complex located in Ara-dong, Jeju City, on Nov. 16, the company said.
The complex has 10 apartment buildings from 11 to 14 floors each with a total of 614 apartment units, some with a view of Mount Halla, ranging in size from 84 square meters to 133 square meters in eight different designs. There are many schools nearby as well as administrative buildings in the nearby districts of Jeju City including Jeju City Hall, the Jeju District Prosecutors Office and the Jeju Fire Department, among others.
The complex has an indoor golf course, GX room, fitness center, and a book cafe, among other community facilities, with the central plaza decorated to look like an exotic resort area. The apartment complex is easily accessible to other cultural, tourism and educational facilities like the Jeju Art Center and the boulevards that connect to major areas of the city. The model apartment is located near the Jeju Fire Department in Iedo 2nd-dong, in Jeju City. The winners of the lottery for the new apartments will be announced on Nov. 30 and formal contracts will be signed from Dec. 5-7.
The construction company also announced on Nov. 27 that it will open its model unit for 'Yeoksam 3rd I'Park' apartments in Gangnam-gu, southern Seoul.
The new apartment complex in Gangnam has six buildings, each 25-storeys tall with two basement floors and a total of 411 units ranging in size from 82 square meters to 147 square meters.
The apartments that will be sold to the general applicants include three 82 square meter apartments, one 94 square meter apartment, and 19 apartments of 108 square meters in size. The other units will be occupied by the members of the housing union of the complex, the company said.
The new apartment complex is located near Teheran Boulevard about 200 meters away from the Seolleung Subway Station on the No.2 (green) subway line and the Bundang Railroad Line.
Located nearby are schools, department stores and large shopping malls such as E-Mart, Lotte Department Store and Jinsong middle and high schools.
About 81 percent of the apartments in the complex consist of less than 85 square meters of space with all of them facing south. The complex's ratio of green space is 32 percent.
Officials of Hyundai Development said the complex will have easy access to transportation facilities to travel to northern Seoul when the Bundang Line's double track linking Wangsimni and Seolleung is completed soon. nw

Chairman Chung Mong-kyu of Hyundai Development Co.
Photo on courtesy of Hyundai Development

Chairman Chung Mong-kyu of Hyundai Development Co. and Chairman Kim Jin-hyun of Pony Chung Foundation are surrounded by Vietnamese university students who got the scholarship certificates from the Korean foundation at the Scholarship Awarding Ceremony held at Hanoi National University in Hanoi, Vietnam, on Nov. 10.
Photo on courtesy of Hyundai Development