Introduction

History

Purpose

The Cheonan Corvette Memorial Foundation was established to honor and promote the noble spirit of sacrifice of the 46 heroes who valiantly gave their lives while protecting our waters. The Foundation is dedicated to continuously advancing memorial projects in their honor. It also aims to support the smooth military service of the Cheonan's crew members and assist those who are transition to civilian life after their military service. Additionally, the Foundation seeks to serve as a platform for national security education, raising awareness about the current security realities of our country and fostering a deep sense of patriotism among the people.

Funding Sources

 
Total Public Donations(530,533 contributions) 39,554,845,537 KRW
 
For the Families of the 46 heroes of the Cheonan 500,000,000 KRW x 45 22,500,000,000 KRW
For the Family of the Warrant Officer Han Juho 500,000,000 KRW x 1 500,000,000 KRW
For the Families of Crew Members of the Guimyang 98 both Korean and foreign nationals 1,999,998,498 KRW
Total Payments 24,999,998,498 KRW
 
Remaining Funds
(for Cheonan Corvette Memorial Foundation Establishment)		 14,666,973,568 KRW

Funding Sources

 
Total Public Donations
(530,533 contributions)39,554,845,537 KRW
 
For the Families of the 46 heroes of the Cheonan
500,000,000 KRW x 4522,500,000,000 KRW
For the Family of the Warrant Officer
Han Juho
500,000,000 KRW x 1500,000,000 KRW
For the Families of Crew Members of the Guimyang 98
both Korean and foreign nationals1,999,998,498 KRW
Total Payments
24,999,998,498 KRW
 
Remaining Funds (for Cheonan Corvette Memorial Foundation Establishment)14,666,973,568 KRW

History

 
Date Contents Remarks
May 3, 2010 Formation of a special committee for distributing donations at the Social Welfare Community Chest (Expanded Executive Committee Meeting) Appointment of 5 external members
May 7, 2010 First full meeting of the special committee 2 representatives of the bereaved families attended
May 12, 2010 Second full meeting of the special committee Discussion on the scope of support and allocation criteria
May 24, 2010 Third full meeting of the special committee Discussion on the use of remaining donations
July 13, 2010 Fourth full meeting of the special committee Further discussion on the use of remaining donations
July 30, 2010 Launch of the Preparatory Committee for the Memorial Foundation 2 Navy personnel, 2 bereaved family members, 2 donors
Sep 13, 2010 Formation of the "Cheonan 46 Heroes Memorial Foundation Founding Committee (tentative)" at the temporary board meeting of the Social Welfare Community Chest 5 special members, 2 representatives of the bereaved families
Sep 24, 2010 First meeting of the Founding Committee Election of temporary chairman Cho Yonggeun, etc.
Oct 4, 2010 Second meeting of the Founding Committee Review of the draft articles of incorporation
Oct 13, 2010 Third meeting of the Founding Committee (Foundation's inaugural general meeting) Finalization of the foundation's name as 'Cheonan Corvette Memorial Foundation'; appointment of chairman (Cho Yonggeun), 4 directors, and 2 auditors
Nov 30, 2010 Approval of the foundation's legal establishment by the Ministry of Patriots and Veterans Affairs and official registration Inauguration of the first chairman, Cho Yonggeun Term begins
Dec 3, 2010 Inaugural ceremony of the Cheonan Corvette Memorial Foundation
Dec 31, 2010 Designation of the foundation as a "designated donation organization" by the Ministry of Strategy and Finance
Sep 2, 2011 Appointment of an additional director, the president of the Cheonan Corvette Memorial Foundation's 46 Heroes Bereaved Families Association President : Lee Inok
Nov 19, 2013 As the terms of 4 directors expired, the Ministry of Patriots and Veterans Affairs held a director selection committee Reappointment of Cho Yonggeun, Shin Jongik, Um Chiseong, and Ji Yeonok
Dec 1, 2013 Inauguration of the 2nd Chairman, Cho Yonggeun Term begins
Dec 29, 2014 Relocation of the foundation's office to Singil-dong, Yeongdeungpo-gu, Seoul Singil-dong, Yeongdeungpo-gu, Seoul
Dec 5, 2016 Inauguration of the 3rd Chairman, Son Jeongmok Term begins
Dec 5, 2019 Inauguration of the 4th Chairman, Son Jeongmok Term begins
Dec 1, 2022 Inauguration of the 5th Chairman, Yun Gongyong Term begins

History

Date
Contents / Remarks

May 3,
2010

Formation of a special committee for distributing donations at the Social Welfare Community Chest (Expanded Executive Committee Meeting)

Appointment of 5 external members

May 7,
2010

First full meeting of the special committee

2 representatives of the bereaved families attended

May 12,
2010

Second full meeting of the special committee

Discussion on the scope of support and allocation criteria

May 24,
2010

Third full meeting of the special committee

Discussion on the use of remaining donations

July 13,
2010

Fourth full meeting of the special committee

Further discussion on the use of remaining donations

July 30,
2010

Launch of the Preparatory Committee for the Memorial Foundation

2 Navy personnel, 2 bereaved family members, 2 donors

Sep 13,
2010

Formation of the "Cheonan 46 Heroes Memorial Foundation Founding Committee (tentative)" at the temporary board meeting of the Social Welfare Community Chest

5 special members, 2 representatives of the bereaved families

Sep 24,
2010

First meeting of the Founding Committee

Election of temporary chairman Cho Yonggeun, etc.

Oct 4,
2010

Second meeting of the Founding Committee

Review of the draft articles of incorporation

Oct 13,
2010

Third meeting of the Founding Committee (Foundation's inaugural general meeting) Finalization of the foundation's name as 'Cheonan Corvette Memorial Foundation'; appointment of chairman (Cho Yonggeun), 4 directors, and 2 auditors

Nov 30,
2010

Approval of the foundation's legal establishment by the Ministry of Patriots and Veterans Affairs and official registration Inauguration of the first chairman, Cho Yonggeun

Term begins

Dec 3,
2010

Inaugural ceremony of the Cheonan Corvette Memorial Foundation

Dec 31,
2010

Designation of the foundation as a "designated donation organization" by the Ministry of Strategy and Finance

Sep 2,
2011

Appointment of an additional director, the president of the Cheonan Corvette Memorial Foundation's 46 Heroes Bereaved Families Association

President : Lee, Inok

Nov 19,
2013

As the terms of 4 directors expired, the Ministry of Patriots and Veterans Affairs held a director selection committee

Reappointment of Cho Yonggeun, Shin Jongik, Um Chiseong, and Ji Yeonok

Dec 1,
2013

Inauguration of the 2nd Chairman, Cho Yonggeun

Term begins

Dec 29,
2014

Relocation of the foundation's office to Singil-dong, Yeongdeungpo-gu, Seoul

Singil-dong, Yeongdeungpo-gu, Seoul

Dec 5,
2016.

Inauguration of the 3rd Chairman, Son Jeongmok

Term begins

Dec 5,
2019

Inauguration of the 4th Chairman, Son Jeongmok

Term begins

Dec 1,
2022

Inauguration of the 5th Chairman, Yun Gongyong

Term begins