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

Project narrative

On September 28, 2006, the Confucius Institute Headquarters (Hanban) and Chungbuk National University signed an agreement to establish the Confucius Institute at Chungbuk 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, Chungbuk National University and Yanbian University (延边大学), the cooperating partner, signed a supplementary implementation agreement. Yanbian 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 December 18, 2006.