IE Business Daily Business news for the Inland Empire.
Myung Ki “Mike” Hong has donated $370,000 to UC Riverside’s Young Oak Kim Center for Korean American Studies.
Hong, gave the gift to Chancellor Kim A. Wilcox during a ceremony Jan. 12, according to a statement on the university’s website.
The money will be used to develop youth education, including a possible program in which Young Oak Kim students would go to Washington, D.C., to see up close how modern democracy operates.
Hong called helping the Young Oak Kim Center, which is based in Los Angeles, “a great honor.”
A South Korea native, Hong came to the United States in 1954 as an exchange student and graduated from UCLA five years later with a degree in chemistry.
In 1986 he founded Dura Coat Products, a Riverside company that makes coil and spray coatings that protect metal substrates. Hong sold the company in November, according to the statement.
