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

Project narrative

On December 14, 2005, the Confucius Institute Headquarters (Hanban) and Keimyung University signed an agreement to establish the Confucius Institute at Keimyung 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. On April 25, 2007, Keimyung University and Beijing Language and Culture University (北京语言大学), the cooperating partner, signed a supplementary implementation agreement. Beijing Language and Culture 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 June 27, 2007, and it began operations on September 1, 2007.