S-OIL Donates 280 Million KRW to Support Youth Independence

Al Katani, President of S-Oil

[Asia Economy Reporter Hwang Yoon-joo] S-OIL has awarded a total of 280 million KRW in scholarships and sponsorship funds to 114 science and engineering college students and high school students, including support for the Seondeok Choir composed of youth from Seondeokwon.

On the 24th, S-OIL announced that it held the ‘2020 S-OIL Dream Scholarship’ ceremony at its headquarters in Mapo-gu, Seoul, in collaboration with the Korea Child Welfare Association, to support the academic and independent living efforts of youth from orphanages.

S-OIL provided scholarships of 2.5 million KRW each to 44 science and engineering major students from orphanages, specializing in chemical engineering, mechanical engineering, electrical and electronic engineering, among others. S-OIL continues to support these students until graduation to ensure they can focus steadily on their studies.

Additionally, 70 high school students preparing for employment received 2 million KRW each for technical education expenses to help acquire specialized skills or certifications in fields such as heavy equipment, computers, beauty, and baking. Since 2016, approximately 600 students have received a total of 1.48 billion KRW through the S-OIL Dream Scholarship program.

The S-OIL Dream Scholarship is not a simple one-time donation but aims to provide learning and educational opportunities that promote the emotional stability of youth in child welfare facilities and help them grow into healthy members of society.

S-OIL CEO Hussein Al-Qahtani encouraged, "Education is the foundation that allows students to discover their potential, seize opportunities, and turn the futures they have dreamed of into reality. S-OIL will continue to actively support students so that they can acquire professional knowledge and skills, enter society, and take one step closer to their dreams."

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