The Graduate School of Business Administration (Dean Kang Tae-koo) held a ceremony for presenting the 4th Yongbong Business Leader Award at Gwangju Mudeung Park Hotel at 6:30 p.m. of Nov. 26. Yongbong Forum was held along with the award ceremony at the same place. Government Administration and Home Affairs Minister Huh Sung-kwan, 56, was invited to give a speech at Yongbong Forum. He spoke on \"Understanding of the governmental innovation and tasks\". The 4th Yongbong Business Leader Award was presented to Chung Chang-seon, President & CEO of Jungheung Construction Co. The award was established in 2001 to honor a business leader for outstanding contributions in the advancement of business management, corporate reform, and business ethics. President Chung started his business in 1973 and for the last thirty years the company has built and provided apartment complexes for the residents in the region. The company is currently recognized as a top-tier construction company nationwide. President Chung has been taking the lead in scholarship donations and social relief campaigns. In recognition of his great contributions to economic, cultural and social developments of the region, he was selected as the award winner.