On April 15, Ryu Byung Sun, the CEO of Youngdo Velvet, donated 100 million won for Keimyung University students. Mrs. Ryu said, "I just did a small thing for young students. I think students studying in these difficult economic conditions can contribute to our future, and I hope this donation can do much to help in the current situation."
Mrs. Ryu was born in Daegu City in 1940. She has managed Youndo Textiles since 1960 and has succeeded in making local velvet famous as a high level product. She has gained public admiration for her ability and as a female entrepreneur.
Mrs. Ryu donated 50 million won for Keimyung students with potential in 2001 and annually has helped neighbors and offered scholarships to educational institutions. To show its appreciation for her generosity, Keimyung University decided to name this donation the "Youngdo Scholarship Fund."