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from Central Connecticut State University
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What Hyundai’s $3M gift really means
Henry Kissinger, Jr. once said, "University politics are vicious precisely because the stakes are so small." Well, the former Secretary of State certainly couldn’t have been talking about Central Connecticut State University. As my sainted mother might have said, "Three million dollars is not to be sneezed at."

It’s come to my attention that when the praise was ladled out to people responsible for Hyundai’s $3 million endowment gift it may not have been ladled out fairly.

According to CCSU marketing professor Raymond DeCormier, the prime mover/architect or of the program for Hyundai was Dr. Ki Hoon Kim.

Kim, a Korean native and CCSU faculty member since 1967, might not have received the recognition he deserved. Fair enough. You may recall he was praised by President Jack Miller for his key role in building relationships necessary for the endowment to happen.

Now because of this gift students and faculty members from South Korea and Central will study at each other’s universities.

Conventional wisdom has it that New Britain hasn't been linked to the auto industry since the old P&F Corbin Co. (later part of American hardware, then Emhart, etc.) stopped manufacturing Corbin automobiles in the early 1900s. In fact, within the last decade, CCSU has been quietly helping South Korea's hard-charging Hyundai Motor Co. rise from relative obscurity to such international status that it recently opened a major U.S. production plant in Alabama.

CCSU's Global Leadership Program, established at Hyundai's request when the company was still early in its growth cycle, produced a cadre of far-thinking young leaders. They gained from CCSU's "knowledge industry" and applied their lessons on a worldwide basis.

An early graduate of that program was Jeon Kap Lee, then a vice president and now president of Hyundai Motor Co. Last week Lee presented the $3 million Dr. Mong Koo Chung / Hyundai Motor America Endowment Fund, named in honor of Hyundai Motor Co.'s chairman.

Hyundai’s second-ranking executive told this reporter, in an exclusive interview, that he is certain his participation in CCSU's Global Leadership Program boosted his career. No wonder he was glad to return to this "alma mater" where his son, Sang Jook Lee, is currently a student.

Jeon Kap Lee's boss, Hyundai Motor Co. Chairman Mong Koo Chung, is also an alum, having received an honorary doctorate from CCSU in 1989 in recognition of his growing global leadership in the Asian automotive industry. Chung joins such business luminaries as [then] Stanley Works Chairman and CEO Donald W. Davis, [then] United Technologies Chairman Harry Jack Gray, and [then] Tilcon Chairman and CEO Angelo Tomasso, Jr., as well as several U.S. Presidents.

Bottom line is that CCSU, long a force in the community, continues to keep New Britain on the global map. Maybe one day the university's widening contacts -- and growth of its School of Technology -- will lead to a renaissance of manufacturing and/or business development for a city that has been CCSU's birthplace and hometown for 156 years.

Scott Whipple can be reached at swhipple@newbritainherald.com or by calling (860)225-4601, ext.224.

 
 

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