The Ho-Am Prize in Engineering was established in 1994 by Kun-Hee Lee, the Chairman of Samsung, to honour the late chairman, Lee Byung-chul, the founder of the company.[1] The Ho-Am Prize in Engineering is one of six prizes awarded annually, covering the five categories of Science, Engineering, Medicine, Arts, and Community Service, plus a Special Prize, which are named after the late chairman's sobriquet (art-name or pen name), Ho-Am.
The Ho-Am Prize in Engineering is presented each year, together with the other prizes, to individuals of Korean heritage who have furthered the welfare of humanity through distinguished accomplishments in the field of Engineering.
Source: Ho-Am Foundation