The Ho-Am Prize in Engineering was established in 1994 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 Engineering 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.