Woowa Brothers "600 Million KRW Scholarship Support Per Child of Restaurant Owners"

20 Billion Won Scale 'Uahan Sajangnim Salpimgigeum' Fund Fully Launched
Applications Open Until the 20th... Available Even for Non-Baemin Store Owners
Up to 17 Million Won Medical and Living Expenses Support for Food Service Workers

[Asia Economy Reporter Kim Bo-kyung] Woowa Brothers will provide scholarships of up to 6 million KRW per person to children of restaurant business owners facing financial difficulties.

Woowa Brothers, the operator of Baedal Minjok, announced on the 8th that the 20 billion KRW-scale "Woowa Boss Care Fund," donated by Chairman Kim Bong-jin, will be officially launched.

Initially, 10 billion KRW of the Care Fund will be used to support scholarships for children of restaurant owners. Even if they are not Baedal Minjok affiliated merchants, any family in the restaurant industry experiencing financial hardship can apply.

The eligible applicants are high school and university students who are children of restaurant owners who have operated their business for more than one year and whose health insurance premium payments are at or below 100% of the median income.

High school students can receive an annual academic support grant of 3 million KRW, while university students can receive an annual academic support grant of 4 million KRW (general admission) or a housing support grant of 6 million KRW (housing independence admission).

Applications must be submitted by the children themselves through the Baemin Boss Plaza website or the Woowa Boss Children Scholarship Support website by the 20th.

The remaining 10 billion KRW will be used to support medical and living expenses for restaurant owners. Applications are accepted year-round from December last year until the end of this year. Eligible applicants are restaurant owners with annual sales of 300 million KRW or less as of 2020 or those with income at or below 140% of the median income this year (monthly income of 5,873,000 KRW or less for a three-person household) who have suffered illness or accidents.

Support recipients can receive up to 17 million KRW per person. Applications can be submitted through the Hope Bridge National Disaster Relief Association website or the KakaoTalk channel "Woowa Boss Care Fund."

The Woowa Boss Care Fund is part of Chairman Kim Bong-jin's pledge to donate. In February last year, Chairman Kim became the first Korean to join the global donation movement "The Giving Pledge," pledging to donate more than half of his wealth to society.

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