Booyoung Group Awards Second Semester Scholarships to 94 International Students from 36 Countries

The scholarship award ceremony for international students held by the Woojung Education and Culture Foundation in the second semester of 2019. (Photo by Booyoung Group)

[Asia Economy Reporter Tae-min Ryu] The Woojung Education and Culture Foundation announced on the 26th that it will provide scholarships totaling approximately 370 million KRW for the second semester of 2021 to 94 international students from 36 countries studying at domestic universities in Korea, who came to study from Asia, Africa, and Latin America, including Vietnam, Bangladesh, Uzbekistan, and Cambodia.

The Woojung Education and Culture Foundation decided not to hold a separate scholarship award ceremony this year due to COVID-19 and other reasons. The selection of scholarship recipients was comprehensively reviewed based on academic performance, study attitude, achievement, financial need, and future social contribution plans. A representative of the Woojung Education and Culture Foundation said, “We hope that international students studying in unfamiliar environments will later advance into society and grow as global leaders connecting their home countries, Korea, and the world by actively contributing in various fields worldwide.”

The Woojung Education and Culture Foundation was established in 2008 by Lee Joong-geun, chairman of Booyoung Group, and since 2010, it has been providing scholarships twice a year to international students from Asia, Africa, and Latin America studying in Korea. Since 2013, the foundation has significantly expanded the target countries and the number of beneficiaries, increasing the scholarship amount to 8 million KRW per student annually. From 2010 to the present, a total of 2,027 students have received scholarships amounting to 7.9 billion KRW.

Booyoung Group has consistently engaged in philanthropic activities across various domestic and international fields. These include donations of educational and cultural facilities, scholarship programs, monetary contributions, historical awareness campaigns, elderly welfare improvements, daycare center construction, Taekwondo volunteer work, and support for military units, investing generously in activities that realize social value regardless of age, gender, or field. The total amount donated to date reaches 870 billion KRW. In 2014, the group was ranked first among Korea’s top 500 companies in terms of donation amount relative to sales.

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