Uridamunhwa Scholarship Foundation Provides 630 Million KRW to 430 Scholars

[Asia Economy Reporter Kim Hyo-jin] Woori Financial Group's Woori Multicultural Scholarship Foundation held the '2020 Woori Multicultural Scholarship Foundation Scholarship Award Ceremony' on the 30th at the Woori Bank headquarters in Jung-gu, Seoul, announcing that it provided a total of 630 million KRW in scholarships to 430 students.

The scholarship award ceremony was attended by Sohn Tae-seung, Chairman of Woori Financial Group and Chairman of the Woori Multicultural Scholarship Foundation, along with executives and representatives of the scholarship students.

This year, 330 multicultural students from 36 countries who have been exemplary in their school life despite difficult family circumstances were selected as scholarship recipients, and scholarships ranging from 600,000 KRW to 5 million KRW were provided by category, from elementary to university students.

In particular, to support small business owners whose sales have declined due to the novel coronavirus disease (COVID-19), an additional 100 children of small business owners were selected to receive a special scholarship of 500,000 KRW each. The scholarships can be used for tuition, textbook purchases, and expenses for developing special talents.

At the event, members of the 'Woori Multicultural Orchestra' performed a congratulatory piece, and cases of scholarship recipients such as Park Eun-young, who fulfilled her dream of becoming a Korean medicine doctor, and teacher Lee Myung-chul were introduced through a video.

Chairman Sohn Tae-seung said, "I am very pleased to be able to select outstanding talents with clear goals and dreams as scholarship recipients," and added, "We will generously support nurturing future talents who are the hope of our society."

The Woori Multicultural Scholarship Foundation is a public foundation established in 2012 with a 20 billion KRW endowment from Woori Bank and other Woori Financial Group affiliates. It has selected scholarship students annually and has provided scholarships totaling about 3.8 billion KRW to 4,170 students to date.

In May, the foundation also supported overcoming COVID-19 by providing meal coupons via delivery apps for vulnerable children who had difficulty securing meals due to school meal suspensions.

Woori Financial Group's Woori Multicultural Scholarship Foundation held the "2020 Multicultural Student Scholarship Award Ceremony" on the 30th at Woori Bank's headquarters in Jung-gu, Seoul, awarding a total of 630 million KRW in scholarships to 430 multicultural scholarship students. At the event, Sohn Tae-seung (center in the photo), Chairman of Woori Financial Group and Chairman of the Woori Multicultural Scholarship Foundation, along with board members and 12 student representatives, posed for a commemorative photo. Photo by Sohn Tae-seung

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