Hyundai Elevator Provides Scholarships to 29 Local High School Students

[Asia Economy Reporter Dongwoo Lee] Hyundai Elevator announced on the 14th that it has provided scholarships totaling 29 million KRW to 29 high school students who are quietly nurturing their dreams despite difficult circumstances.

The selected scholarship students include 10 from Icheon, Gyeonggi and 10 from Chungju, Chungbuk, where the business sites are located; 2 from Cheonan, Chungnam; 2 from a sister child welfare facility in Yeoju; and 5 from Yangyang-gun, Gangwon, a 1 company 1 village partnership, totaling 29 high school students.

Since 2009, Hyundai Elevator has been operating a social contribution fund with the purpose of "fulfilling corporate social responsibility and fostering local talent." The funds are raised through a matching grant system, where employees deduct less than 1,000 KRW from their salaries to accumulate a "round-down deduction fund," and the company contributes an equal amount as sponsorship.

The Hyundai Elevator matching grant scholarship program started with 6 recipients in 2009 and has supported a total of 241 students with 237 million KRW to date. Every year, scholarship students were invited to the headquarters for tours and award ceremonies, but due to COVID-19, the events are held with only a minimal number of local officials attending.

CEO Seungbong Song said, "Although it is a small support, I hope that young people who are experiencing greater difficulties due to COVID-19 and come from financially challenged families will not stop pursuing their diverse dreams such as guitarist, teacher, and makeup artist."

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