KT&G Scholarship Foundation Provides 200 Million KRW in Scholarships to College Students from Small Business Families

[Asia Economy Reporter Lee Seung-jin] KT&G Scholarship Foundation announced on the 21st that it will select scholarship recipients in collaboration with the Seoul Scholarship Foundation to support families of small business owners struggling due to the prolonged COVID-19 pandemic and economic recession.

Through a business agreement, KT&G Scholarship Foundation has delivered a total of 200 million KRW to the Seoul Scholarship Foundation. Utilizing these funds, the Seoul Scholarship Foundation plans to select a total of 200 university students from small business owner families by the end of November and provide scholarships.

Eligibility requires applicants to be university students from small business owner families, attending universities located in Seoul or, as Seoul citizens, attending universities outside Seoul. The application period is until 5 PM on the 27th, and applications can be submitted online through the Seoul Scholarship Foundation website. Detailed eligibility criteria and selection schedules can be found on the Seoul Scholarship Foundation website.

The selection results will be announced at the end of next month after a fair review considering economic conditions, academic performance, and income levels. Each of the final 200 selected recipients will receive a scholarship of 1 million KRW.

A KT&G Scholarship Foundation official stated, “We decided to provide scholarship support to empower families of small business owners affected by COVID-19 and to help university students from these families continue their studies with dreams and hope,” adding, “We will continue to contribute to resolving educational inequality among low-income groups and support the growth of future generations.”

Meanwhile, KT&G Scholarship Foundation is a public interest corporation established in 2008 by KT&G to practice the management philosophy of being a ‘company that grows together.’ It actively conducts various scholarship projects domestically and internationally to prevent students from giving up their studies due to social and economic reasons. Since its establishment, the foundation has supported about 6,000 students, with cumulative support amounting to approximately 34.8 billion KRW.

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