IBK, 700 Million KRW Scholarship Fund Donated to Children of SME Employees

[Asia Economy Reporter Minyoung Kim] IBK Industrial Bank announced on the 8th that it has awarded 700 million KRW in scholarships to 300 children of small and medium-sized enterprise (SME) workers.

The scholarship recipients are children of SME workers who have excellent academic performance despite difficult circumstances.

An IBK representative stated, “We prioritized selecting children of small business owners and SME workers who are experiencing economic hardships due to the spread of the novel coronavirus (COVID-19) and ongoing heavy rains. In particular, many SMEs employing the families of the scholarship recipients participated in sponsoring the scholarships, adding greater significance to the support.”

Since 2006, IBK has sponsored scholarships totaling 15.1 billion KRW to over 8,800 recipients.

Meanwhile, the selected university student scholarship recipients are also expected to participate in ‘IBK Mentoring,’ a program where they volunteer their talents, including tutoring, to help children from underprivileged backgrounds.

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