Celebrity couple Cha In-pyo and Shin Ae-ra will be honored with the fourth Pony Chung Innovation Award.
Created in 2006, the award comes from the Pony Chung Scholarship Foundation, which was established in memory of the late Hyundai Motor founder Chung Se-young. It recognizes individuals or organizations that bring about innovative and positive changes in politics, economics, society and culture.
The Pony was the name of Korea's first domestically produced passenger car, unveiled by Hyundai Motor in 1974. The vehicle proved a worldwide success and earned the Hyundai Motor founder the nickname "Pony Chung."
The foundation said it selected the celebrity couple for the award in recognition of their volunteering, charity and sponsorship activities. By openly adopting two girls the couple has contributed to ending prejudice against adopted children, it said.
The award ceremony will be held on May 11 at the headquarters building of Hyundai Development Company in Seoul.