Life Insurance Social Contribution Committee Awards 100 Million KRW Scholarship to Finance and Insurance Major Students

Shin Yong-gil, Chairman of the Life Insurance Social Contribution Committee

[Asia Economy Reporter Oh Hyung-gil] The Life Insurance Social Contribution Committee announced on the 26th that it has provided scholarships for the second semester as well as the first semester of this year to 25 university and graduate school scholarship recipients selected last February.

The total amount of scholarships for the second semester was 105 million KRW, with 4 million KRW awarded to university students and 5 million KRW to graduate students. The scholarship recipients selected this year are outstanding students majoring in financial insurance studies at various universities and graduate schools, aspiring to become experts in the financial insurance field.

The committee selected scholarship recipients by comprehensively considering not only applicants' academic performance but also their economic circumstances, expecting that this support will significantly help students reduce the burden of tuition fees and focus on their studies.

To prevent the spread of the novel coronavirus infection (COVID-19) and out of consideration for the scholarship recipients, the committee decided not to hold a scholarship award ceremony.

Chairman Shin Yong-gil stated, “We hope that the Life Insurance Social Contribution Scholarship will serve as a stepping stone for the scholarship recipients to achieve their dreams and grow into talents who will greatly contribute to the national economy and the insurance industry.”

Meanwhile, the Life Insurance Social Contribution Scholarship Project is a talent development initiative funded annually by a portion of the profits contributed by life insurance companies to repay the love and trust they have received from the public and to fulfill their social responsibilities.

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