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A view of Hanyang University. (Photo courtesy of Hanyang University) |
[Alpha Biz= Paul Lee] Hanyang University has strongly denied media reports claiming that its founding body, the Hanyang Foundation, is being put up for sale at an estimated value of 300 billion won, calling the report “a clear fabrication.”
In an official statement issued on December 5 under the name of President Lee Ki-jeong, the university said it would “take all necessary measures to correct the distortion of facts and misunderstandings” and “respond firmly to protect the university’s reputation and value.”
President Lee stated, “The claim that the Hanyang Foundation is up for sale is entirely untrue and an outright false report. Assertions that Hanyang University will be sold or that the operator of the Hanyang Foundation will change are also completely baseless.”
He added that, according to formal confirmation with the foundation, future fiscal-year transfers and funding plans have already been stably secured, ensuring that “there will be no disruption whatsoever to the university’s financial management, investments in education and research, faculty affairs and compensation, or the overall student academic and support systems.”
The controversy began after a media outlet reported on December 3—citing investment banking sources—that the Hanyang Foundation was quietly seeking a new operator due to mounting financial burdens linked to large real estate project financing (PF) exposures.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
