Hanban provides a grant for the establishment of Confucius Institute at Chungnam National University

Project narrative

On December 7, 2006, the Confucius Institute Headquarters (Hanban) and Chungnam National University signed an agreement to establish the Confucius Institute at Chungnam National University. As part of the agreement, Hanban is obligated to provide teaching materials, an annual fund, and numbers of Chinese instructors. The funds are dispersed through a local Bank of China account or other approved bank account created by the institute. The agreement has a 5-year validity and automatically renews at the end of every 5-year term. In 2006, Chungnam National University and Shandong University (山东大学), the cooperating partner, signed a supplementary implementation agreement. Shandong University agreed to provide one or two visiting scholars annually, donate teaching materials, and receive student study groups. The Confucius Institute was officially established on April 26, 2007.