Hanban provides a grant for the establishment of Confucius Institute at Hankuk University of Foreign Studies

Project narrative

On September 18, 2009, the Confucius Institute Headquarters (Hanban) and Hankuk University of Foreign Studies signed an agreement to establish the Confucius Institute at Hankuk University of Foreign Studies. 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 2009, Hankuk University of Foreign Studies and Beijing Foreign Studies University (北京外国语大学), the cooperating partner, signed a supplementary implementation agreement. Beijing Foreign Studies 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 October 31, 2009.