Hyundai Motor chairman Chung Mong - koo plans to offer educational support to students from low - income households , the automotive group said Sunday . Chung , who donated 500 billion won ( $ 440 million ) via the carmaker ’ s foundation for social activities last August , mapped out a program to support 84 , 000 underprivileged students over the next five years . The program involves comprehensive support for elementary , middle , high school and college students residing in farming and fishing villages across the country . Aside from providing low interest rate loans for college tuition fees and other expenses , the program aims to foster talented students in science via intensive classes for middle and high school students . The Chung Mong - koo Foundation , formerly Haevichi Foundation , has signed a contract with Kookmin Bank for the low - interest rate loans . “ I want to contribute to fostering talented figures from low - income households by giving them educational opportunities for better social class mobility , ” Chung was quoted as saying in August . The chairman said he would like to help the needy students so that they do not lose hope for the future and focus on studying . He promised in 2006 to donate 1 trillion won to society and gave 923 , 077 shares worth 60 billion won to the foundation in November 2007 . He also contributed 487 , 805 shares worth 30 billion won in July 2008 and 512 , 812 shares worth 60 billion won in December 2009 . In 2009 , Chung was chosen by Chaebul . com as the biggest stock donor , followed by Lotte Group Chairman Shin Kyuk - ho and Green Cross Chairman Huh Young - sup . Hyundai Motor spokespeople said that the chairman has long been giving opportunities to youth so they can realize their dreams . By Kim Yon - se ( kys @ heraldm . com )