HiteJinro Holdings to Provide 150 Million Won in Scholarships This Year
Scholarship Program, 1.2 Billion KRW Over 7 Years, Supporting Over 800 Beneficiaries
This Year, Scholarship Eligibility Expanded to Children of Closed or Suspended Self-Employed Businesses
[Asia Economy Reporter Lim Hye-sun] Hite Jinro Holdings announced on the 22nd that it will provide 150 million KRW in scholarships this year. This year, the target group has been expanded from children of food service workers to children of self-employed individuals who have temporarily closed or gone out of business.
As part of its win-win management and social contribution activities, Hite Jinro Holdings has been conducting a scholarship program for children of small-scale food service workers who continue their studies despite economic difficulties. Over the past seven years since 2015, it has supported more than 800 scholarship recipients with over 1.2 billion KRW. This year, to assist self-employed individuals who have experienced economic hardship due to COVID-19 and have temporarily closed or gone out of business, the target group was expanded to select scholarship recipients.
A total of 107 children of food service workers and self-employed individuals who have temporarily closed or gone out of business, currently enrolled in universities located in Seoul and the metropolitan area, were selected as scholarship recipients. Selection was based on certain criteria such as academic performance, family circumstances, and the necessity of the scholarship. Scholarship recipients will receive an annual scholarship of 1 million KRW for national and public universities, and 1.5 million KRW for private universities.
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Kim In-gyu, CEO of Hite Jinro Holdings, stated, "We have been continuously carrying out the scholarship program to support students who study hard to achieve their dreams of tomorrow," and added, "We will strive even more for the development of talented individuals in Korea."
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