After founding the Dongkuk Steel Mill Corporation, Jang Gyeong-ho was often dubbed “Korea’s Vimalakirti” due to his fervent aspiration for the revival of Korean Buddhism and his dedicated actions to pursue that aspiration. At the age of 27, under the guidance of Master Guha at Tongdosa Temple, he began meditating on the hwadu (koan) “All things return to the One. To where does the One return?” At that time he resolved to dedicate his life to supporting Buddhism by promoting key industries. Afterward, his whole life was dedicated to the ideas of modernized Buddhism, applied Buddhism, and accessible Buddhism. In pursuit of this he established: Daewon-jeongsa (temple), Daewon-hoe (society), Daewon Lay Buddhist College, a Buddhist publishing firm, and a public Seon center. In 1975 at the age of 77, he realized his life was nearing its end and donated 3,063million won to then President Park Chung-hee with a letter saying that he hoped the money would be used to promote Buddhism. His offering was spent to establish the Korea Buddhism Promotion Foundation, which has served as the foundation of Korean
Buddhism’s revival, and the Buddhist Broadcasting System (BBS).