IBK, 900 Million KRW Scholarship Awarded to 402 Children of Small and Medium Enterprise Employees

Yoon Jong-won, President of IBK Industrial Bank of Korea (center), is taking a commemorative photo with scholarship students during a scholarship award ceremony for families of small and medium-sized enterprise workers at the IBK Industrial Bank of Korea headquarters in Euljiro, Jung-gu, Seoul on the 26th. Photo by IBK Industrial Bank of Korea

[Asia Economy Reporter Kim Min-young] IBK Industrial Bank announced on the 26th that it has provided 900 million KRW in scholarships to the children of small and medium-sized enterprise (SME) workers.

The 402 recipients of the scholarships are children of SME workers who have excellent academic performance despite difficult circumstances.

IBK Industrial Bank stated that in the first half of this year, it prioritized selecting children of small business owners and SME workers nationwide, including the Daegu and Gyeongbuk regions, who have been struggling due to the spread of the novel coronavirus infection (COVID-19).

Since 2006, IBK Industrial Bank has supported over 8,500 recipients with a total of 14.5 billion KRW in scholarships through this program.

The university students selected as scholarship recipients also participate in ‘IBK Mentoring,’ a volunteer program providing academic guidance to underprivileged children.

Additionally, through the IBK Happiness Sharing Foundation, the bank has supported treatment costs amounting to 11.2 billion KRW for over 2,500 patients with rare and intractable diseases, carrying out social contribution activities for SME workers.

An IBK Industrial Bank official stated, “We hope this will provide practical support to the families of SME workers during the economically difficult times caused by COVID-19.”

This content was produced with the assistance of AI translation services.