South Korea's 14th richest billionaire, Lee Joong-Keun, has announced plans to build a medical school in Peru to be completed in 2020. The project will cost an estimated $50 million USD and provide a world class education to Peruvians. "We are very excited to begin this project," Joong-Keun has stated. "We hope to help usher in a new era for Peruvian medicine."
Joong-Keun has previous served a three year jail term in 2004 for embezzling funds from the company he started. Since his release, he has been an exemplary success in property acquisitions and construction projects.
The school will be situated in Lima and will bear the name of Mr. Joong-Keun.