The Foundation recognizes scholars and researchers who have achieved outstanding academic and research accomplishments that contribute to national development, and provides support to academic research organizations, universities, and scholarly societies.
| Status of support by year | Academic Research Support Amount (Unit:KRW 10,000 won) |
|---|---|
| 1976~1979 | 3,275 |
| 1980~1989 | 160 |
| 1990~1994 | 800 |
| 1995~2000 | 1,500 |
| 2001~2005 | 5,200 |
| 2006~2010 | 9,200 |
| 2011~2015 | 13,000 |
| 2016~2021 | 18,000 |
| 2022 | 302,500 |
| 2023 | 727,000 |
| 2024 | 635,000 |
| 2025 | 627,600 |
| Category | Eligibility | Nominating Institution | Recommendation | Awards |
|---|---|---|---|---|
| Hyunsong Engineering Award (Metals and Materials) | Eligibility :Researchers in metal and material engineering | Nominating Institution :The Korean Institute of Metals and Materials | Recommendation :March | Awards :April |
| Hyunsong Engineering Award (Machinery) | Eligibility :Researchers in mechanical engineering | Nominating Institution :The Korean Society for Precision Engineering | Recommendation :September | Awards :October |
| Neo-Confucianism Academic Award | Eligibility :Researchers and scholars in Neo-Confucianism | Nominating Institution :Selection Committee | Recommendation :September (biennial) | Awards :October (biennial) |
In collaboration with universities, the Foundation provides funding through university development funds to support academic study and research in fields that can enhance both the quality and scale of foundational sciences, engineering, and the humanities, which form the basis of national industrial and cultural development.
Neo-Confucianism is a significant tradition in Korean philosophy with a history spanning over 600 years, dedicated to the exploration and understanding of human dignity, moral values, ethical conduct, and human connections. To advance research in Neo-Confucianism which carries forward and develops the wisdom and traditions of the past to help address the challenges and issues of contemporary society, the Foundation supports the Neo-Confucianism Association.