Foundation

Formed the Preparatory Committee for the establishment of the provisionally named “Hyunsong Cultural Foundation” on November 14

Approval granted for the establishment of the Foundation as the Hyunsong Cultural Foundation with Oh Beom-sik as the first Chairperson, with six directors and two auditors

Assets contributed by Hyunsong Chu Chang-kyun
– Seoul Rugby Stadium, developed in 1973, covering 59,100 m2, valued at KRW 250 million, along with KRW 300 million in cash
– Additional contribution of KRW 450 million, bringing the total to KRW 1 billion

Financial hardship following the bankruptcy and liquidation of Ilsin Steel

Ahn Dong-gyu appointed as the 2nd Chairperson

Chu Chang-kyun appointed as the 3rd Chairperson

Completed the auxiliary stands of the main grass field at the Seoul Rugby Stadium, funded by Director Chu Chong-nam

Shin Seong-hyu appointed as the 4th Chairperson

The late Kang Hyeong-bin contributed KRW 530 million

Chu Chong-nam appointed as the 5th Chairperson

Kim Jeong-il appointed as the 6th Chairperson

Renamed the Foundation to Hyunsong Educational & Cultural Foundation

Passing of the founder, Hyunsong Chu Chang-kyun, at the age of 91

Sold the Seoul Rugby Stadium as part of an urban development project, concluding the rugby field program

Published the 50-Year History of the Foundation