Seoul Scholarship Foundation and Seoul Credit Guarantee Foundation Award Scholarships to 150 Children of Small Business Owners Amid Economic Crisis

[Asia Economy Reporter Jo In-kyung] The Seoul Scholarship Foundation, together with the Seoul Credit Guarantee Foundation, is selecting 150 recipients for the 'Small Business Owners Stepping Stone Scholarship' to support children from families of small business owners facing economic difficulties.

Eligible applicants for the scholarship are middle school, high school, and university students who are children of small business owners in Seoul who hope to restart their businesses, are at risk of closure, or have low income. Considering the economic crisis caused by the decline in sales and income due to the COVID-19 pandemic, the foundation official explained that the number of recipients has been increased by 1.5 times compared to last year.

Applications for the scholarship can be submitted by mail or in person to the Self-Employment Support Center of the Seoul Credit Guarantee Foundation by preparing the required documents by the 21st of next month. The selection results will be announced in August, and selected scholarship recipients will receive an annual scholarship of 1 million KRW.

For more details, please contact the Seoul Credit Guarantee Foundation Customer Center at 1577-6119.

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