The long term objective should be to achieve a high degree of self-financing for the WEU. However, initial funding of at least US$5 million will be needed to develop the University through the launching of its initial programs. This will have to come primarily from Korean sources. Korea will need to take a lead in mobilizing the funds required for the ongoing operation of the University until the WEU has progressed to the point where it can command attention and support of international funding sources and significant fee income. The process to establish the University will be initiated as soon as the final decision of the Government of South Korea is confirmed.

Abstract
Financing Strategy
Steps to establish the University
Concluding Remarks
Remembering Maurice Strong, who tried tosolve global warming decades ago in JejuIsland S. Korea in Fall of 2020.
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• Jytte Marstrand(WATICO Limited)
• Chang Hoon Ko(World Association for Island Studies)
• Kenneth McLeod(World Association for Island Studies)
• Jihee Kim(World Association for Island Studies)