BLOOMINGTON, Ind. — Indiana University has launched a new Institute for Korean Studies on the university’s Bloomington campus.

The institute’s opening ceremony was held Friday at IU’s Global and International Studies Building.

IU President Michael A. McRobbie says some of the school’s “strongest partnerships are with some of Korea’s leading research and educational institutions.”

IU now boasts worldwide about 4,270 alumni affiliated with Korea, including more than 1,600 alumni living in South Korea. And the university continues to welcome about 1,000 Korean students to its campuses each year.

The new institute has received generous support from The Korea Foundation.

It’s already been awarded two grants from the Korea-based Academy of Korean Studies, including one valued at $1 million that will establish IU as the academy’s hub for Korean studies in the Midwest.