The Ho-Am Prize (호암상, 湖岩賞, literally lake and rock award) is a Korean annual award presented to "domestic/abroad ethnic Korean who have made outstanding contributions to the development of science and culture and enhancement of the welfare of mankind".[1] Starting in 1991, it is funded by Samsung and named after their former chairman, Lee Byung-chul (Ho-Am is his pen name which means filling up a space with clear water as lakes do, and being unshakable as a large rock). The award consists of a 6 oz gold medal, a laureate diploma, and 300 million Korean won (approximately $265,000 US dollars).[2]
