North Korea has established a new “Kim Il Sung University (KISU) Fund” in an effort to raise finances to support the institution, an article published on its Naenara web portal said on Monday.

KISU, the first university to be built in North Korea and the country’s most prestigious educational institution, is primarily aiming to attract foreign donations.

“Kim Il Sung University Fund has been founded with the aim of encouraging non-governmental bodies and organizations of different countries, overseas Koreans and individual persons to render financial and material assistance to education and scientific research,” Naenara said.

The Naenara article said the