Shinsegae Department Store Awards Scholarships to Children of Partner Companies Struggling Due to COVID-19

Shinsegae Donates 600 Million KRW in Scholarships to Children of Small Partner Companies and Local Small Business Owners
This Year Includes COVID-19 Affected Companies... Sharing Pain and Participating in Win-Win Cooperation
7200 Million KRW Supported Local Talent Over 24 Years... Various Social Contributions Including Helping Local Farms

[Asia Economy Reporter Lim Hye-sun] Shinsegae Department Store has stepped up to support the children of partner companies and local small business owners struggling due to the novel coronavirus infection (COVID-19).

On the 27th, Shinsegae delivered the '2020 Hope Scholarship' to support youths in regions with poor educational environments. A total of 600 recipients were selected from six stores in Gwangju, Daegu, Centum City, Masan, Gimhae, and Uijeongbu, with a total of 600 million KRW awarded.

The sponsorship funds are allocated to various local talents, including partner companies under small and medium enterprises affiliated with Shinsegae Department Store, nearby small business owners, youths with disabilities and incurable diseases, and multicultural families. Along with the Green Umbrella Children’s Foundation, beneficiaries include students recommended by government offices and children of traditional market merchant associations who serve as role models through filial piety and good deeds.

This year, for the first time, children of companies facing difficulties due to COVID-19 were also included as recipients. As a representative local department store, this signifies a commitment to overcoming tough times together with neighbors and participating in the coexistence of the local community.

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