Mercedes-Benz Social Contribution Foundation Donates 150 Million KRW to Promising Youth Athletes

The Mercedes-Benz Social Contribution Committee announced on the 23rd that, together with the Children and Future Foundation, it has awarded scholarships totaling 150 million KRW to 50 promising youth athletes in Korea through the Mercedes-Benz Give and Dream program. The photo shows Thomas Klein, Chairman of the Mercedes-Benz Social Contribution Committee (left), and Lee Hoon-gyu, Chairman of the Children and Future Foundation.

Photo by Benz Korea

[Asia Economy Reporter Ki-min Lee] The Mercedes-Benz Social Contribution Committee announced on the 23rd that through the social contribution activity "Mercedes-Benz Give & Dream," conducted together with the social welfare corporation Children and Future Foundation, it has awarded a total of 150 million KRW in scholarships to 50 promising child and youth athletes in South Korea.

Give & Dream is a scholarship program that the Mercedes-Benz Social Contribution Committee has been carrying out since last year as part of its social contribution efforts, aimed at helping vulnerable children and youth athletes in South Korea grow into talented individuals.

The Give & Dream scholarships are awarded to about 50 students from low-income families, including basic livelihood security recipients, near-poverty class, and other low-income households, among promising athletes in elementary, middle, and high schools nationwide.

Scholarship recipients from various sports fields such as soccer, baseball, taekwondo, ssireum, and badminton receive up to 3 million KRW per year to be used for sports-related purposes including competition entry fees, training expenses, sports equipment purchases, and injury treatment costs.

The scholarships are funded by donations from participants in Mercedes-Benz's Give & Race Virtual Run and other "Mercedes-Benz Give" activities held last year. Notably, despite the challenges posed by COVID-19, the donation culture continued to spread through the non-face-to-face charity running event "Give & Race Virtual Run," which saw participation from about 10,000 citizens across 17 regions nationwide.

Thomas Klein, Chairman of the Social Contribution Committee, said, "We are pleased to help talented prospective sports stars realize their dreams through Mercedes-Benz Give," adding, "We will continue to fulfill our corporate citizenship responsibilities by actively engaging in diverse donation activities as a member of the local community."

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