The Ho-Am Prize in Science was established in 1990 by Kun-Hee Lee, the Chairman of Samsung, to honour the late Chairman, Lee Byung-chul, the founder of the company. The Ho-Am Prize in Science (previously the Ho-Am Prize in Science & Technology) 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 Science 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 Science. Source: Wikipedia (en)