Addressing the ceremony, Vietnamese ambassador to the RoK, Pham Tien Van, highly praised these scholarships for Vietnamese students and expressed his hope that those students will make great contributions to Vietnam’s development, build good relationships and promote friendship between Vietnam and the RoK.

The Woojung culture and education fund was established on December 30, 2008 with the support of the Chairman of the Booyoung Construction Company, Lee Joong Keun. The fund aims to assist talented students who have outstanding achievements in studying and social activities and also to support poor students.  

In late 2009, the fund coordinated with the embassies of Vietnam, Laos and Cambodia to choose the students who most deserved for being granted scholarships.