The POSCO TJ Park Foundation has announced the winners of its 2011 POSCO TJ Park Prize.

Dr Lee sang yub professor at KAIST was selected as the winner in the science category, while the education award went to Namhansan Elementary School. Dr Lee was recognized for his achievement in the field of systems engineering.

Monk Pomnyun and the Alola Foundation claimed the community development department prize.

The awards ceremony will take place on March 22nd 2011 at the POSCO Center in Seoul and the winners will each receive KRW 200 million in prize money.

Established in 2006 and awarded initially in 2007, the POSCO TJ Park Prize commemorates the accomplishments of Mr Park Tae joon, the former POSCO chairman, and promotes the steel giant's founding spirit of respecting creativity, nurturing talent and promoting philanthropy.

(Sourced from www.koreatimes.co.kr)