AMOREPACIFIC Corporation (CEO Sim Sang-bae) created AMOREPACIFIC Great Global Next Generation Research Awards as part of its efforts to support core science research. A ceremony for signing the MOU with the incorporated Korean Society for Molecular and Cellular Biology (KSMCB, President Lee Sang-yeol) was held at the Korean Federation of Science and Technology Societies, located in Gangnam-gu, Seoul, Korea yesterday afternoon (May 21).

The newly launched AMOREPACIFIC Great Global Next Generation Research Awards is designed to recognize the contributions of Korean researchers working in molecular and cellular biology fields. The Korean Society for Molecular and Cellular Biology selects five young researchers, who will be provided with research funds worth KRW ten million each year from AMOREPACIFIC Corporation.

The eligibility for nomination is limited to full-time and part-time researchers at no higher than doctoral level, PhD researchers and graduate students enrolled on master's degree/doctoral course in molecular and cellular biology fields who presented their paper as the lead author.

The project starts this year and will continue for 5 years until 2019, while selected researchers receive research funding each year.

"We hope that our support for core science research helps young researchers to enhance the research capabilities and competitive edge of Korea in core science. We will continue to support researches that examine ways to make people’s lives more beautiful and healthier all around the world,” said Yook Sim-wook, Head of R&D Management Division, AMOREPACIFIC R&D Center, at the ceremony. "AMOREPACIFIC Great Global Next Generation Research Awards will be of great use to researchers, in that financial support for core science research is not sufficient.” said Lee Sang-yeol (Gyeongsang National University), the president of the Korean Society for Molecular and Cellular Biology.

AMOREPACIFIC R&D Center has taken the lead in bringing about technological innovation since it was founded as the first research lab in the Korean cosmetics industry in 1954. Throught  its nationwide research network including top universities and research institutions at home and abroad, it is making every effort to promptly respond the market trends. It is continuing with supportive projects for the advancement of Korean research, including through the AMOREPACIFIC Dermatologist Research Funding Program.