The R.K Cho Economics Prize is one of the most prestigious awards to economics, which is 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. As of 2018, the prize includes a plaque, a medal, and a monetary award of 100 million KRW (approximately, 90K USD).
It has established in 2007 with an endowment from R.K. Cho, the president of Samryoong Co. and the chairman of Yongwoon Foundation as well as an alumnus of Yonsei University's Economics Department. Cho was motivated to create the prize after seeing the results of his prior humanities-focused donations to Yonsei University, and hoped the prize could help to connect students of his alma mater and famous South Korean economics overseas. Originally awarded only to South Korea citizens, in 2015 the prize was opened to foreign scholars as well.
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Karlin, S. and H. M. Taylor, (1978), A First/Second Course in Stochastic Processes, Academic Press.