Pepper Savings Bank Provides 100 Million KRW Scholarship to 42 University Students Affected by COVID-19

Pepper Savings Bank plans to provide scholarships worth approximately 140 million KRW to 42 university students who are struggling to pay tuition fees due to COVID-19.

[Asia Economy Reporter Song Seung-seop] Pepper Savings Bank announced on the 25th that it will provide scholarships worth 140 million won to university students affected by COVID-19.

Pepper Savings Bank has prepared the ‘COVID-19 Pepper Hope Scholarship’ for university students in Gyeonggi and Incheon who are struggling to pay tuition fees for the new semester. Since last month, a total of 42 students were selected through document screening and non-face-to-face interviews by evaluating income documents and academic performance.

The scholarship project was originally planned to support 20 students with 100 million won, but an additional special scholarship of 40 million won will be given to 22 students who were not selected in the final round. The scholarship is scheduled to be paid in March.

Matthew Jang, CEO of Pepper Savings Bank, said, “This scholarship was planned to help young people who are having difficulty paying tuition fees due to COVID-19,” and added, “Pepper Savings Bank will also strive harder to alleviate the difficulties faced by the local community.”

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