On September 21, the R. K. Cho Economics Prize Steering Committee (Chairman: President Seoung Hwan Suh of Yonsei University) held the "12th and 13th R. K. Cho Economics Prize Award Ceremony and Commemorative Lectures" at the Gakdangheon Auditorium in the Daewoo Hall.
The R.K. Cho Economics Prize is one of the most prestigious awards to economists, awarded by Yonsei University in Seoul, South Korea. It has been awarded to scholars in the field of economics who have contributed to the development of scholarship and education. Established in 2007 with an endowment of 1 billion won from President R. K. Cho of Samryoong Co. (Economics, entering class of '55), the prize includes a monetary award of 100 million won.
At the awards ceremony held on September 21, the 13th winner Yuriy Gorodnichenko, Quantedge Presidential Professor at UC Berkeley, and the 12th winner Valerie Ramey, Distinguished Professor at UC San Diego, were presented. Professor Ramey's ceremony award last year was postponed due to the COVID-19 incident.