Law and Medical Schools were established in March 2009. KRW 40 billion of development funds, KRW 166.3 billion of external research grant, and KRW 17.3 billion in government aid allocated as a government-funded enterprise have been secured over the 4 years since Dr. Bum Hoon Park's inauguration into office. The sum of KRW 223.6 billion is the largest amount secured financially in the history of the university. In May 2008, a global corporation, Doosan Group, was incorporated as an educational institution, and Yong-Sung Park was elected as the ninth chairman of the board. The appointment of Chairman Park, who negotiated the industry-shift of Doosan Group from consumer goods to heavy industry, symbolises the rebirth of the university. Within 80 days of taking office, a meeting was held with the teaching staff on 27 August 2008, where the CAU2018+ Mid-Term Development Plans were announced along with the new strategy direction of "Choice and Concentrate, Strengthening of Executive Ability, Establishment of Virtuous Cycle Structure". The Degree Management System has been strengthened to encourage students to study diligently, as in order to graduate, students have been made to attain a minimum level in compulsory subjects such as English and Accounting. In order to the support this type of research, education and practice more effectively, an R&D Center for the College of Pharmacy and new Dormitories for students were constructed, the Central Library renovated, and the hospital extended to fit 300 additional wards. Research projects are also being supported by the Special Committee for Strengthening the Research Marketability. Such changes have already resulted in the designation of six new companies in the second stages of the BK21 enterprise, and a budget of KRW 6 billion being allocated to the leading research team, thus implementing the "choice and concentrate" strategy. The direct election system for presidency was abolished and replaced by the appointment system. Consequently, the 12th president, Dr. Bum Hee Park, was re-appointed into office as the consecutive 13th president. The largest project being persevered by Dr. Bum Hee Park and the corporation, is the establishment of Hannam Campus. In 2007, a memorandum of understanding was exchanged with Hannam, and thus preparation for the creation of Hannam Campus are currently underway. As of February 2009, Chung-Ang University, as a comprehensive institution, has produced one general graduate school, five professional graduate schools, 11 specialised graduate schools, 18 modularised colleges in the campuses across Seoul and