Gyeongnam Scholarship Foundation to Award a Total of 150 Million KRW to 150 Recipients This Year

After Graduating from Local High Schools, Current Students at Local Universities

BNK Financial Group and NH Nonghyup Bank Manage Donation Funds

Gyeongnam Provincial Government Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The Gyeongsangnam-do Scholarship Foundation will provide a total of 150 million KRW in scholarships, giving 1 million KRW each to 150 university students enrolled in universities within the province.

The Gyeongnam Scholarship Foundation has been preparing scholarship funds for university students since 2020 to help students attending universities in the province live stably and to nurture local talent, supporting 200 million KRW over the past two years.

This year, to encourage more university students to pursue their dreams within the province, the foundation plans to provide 150 million KRW in scholarships to 150 students, a 50% increase compared to last year.

The recipients are students who graduated from high schools in the province and are currently enrolled in one of the 21 universities in the province, with both the student and their guardian registered as residents of Gyeongnam.

The foundation stated that it will comprehensively consider university grades, living conditions, and other factors to provide scholarships to students who are diligent in their studies despite difficult family circumstances, and will give additional points to students participating in the Ulsan-Gyeongnam Regional Innovation Platform project conducted by the province.

Each university will select recipients based on its own criteria, and detailed information such as scholarship application procedures will be posted on the respective university websites.

The provincial scholarship foundation was established in 1991, beginning its activities with the construction of the Gyeongsangnam-do Student Dormitory, currently known as Nammyunghaksa Changwon Hall.

Since 2011, it has been promoting scholarship programs including ▲ scholarships for university freshmen ▲ scholarships for university students ▲ scholarships for residents of Nammyunghaksa.

The total amount disbursed over the past 11 years for university student support projects amounts to 4.589 billion KRW, including 3.04 billion KRW for freshmen scholarships and 365 million KRW for Nammyunghaksa scholarships.

The main funding source for the scholarship fund is 10 billion KRW donated by BNK Financial Group from 2015 to 2017, supplemented by donations from residents and an annual contribution of 150 million KRW from Gyeongnam Province, which supports the scholarship projects.

NH Nonghyup Bank has also donated 300 million KRW annually since 2016 and contributed 500 million KRW for purchasing supplies to commemorate the construction of the Nammyunghaksa Seoul Hall.

Gyeongnam residents living in Japan, including the Zainichi Korean community, supported 68 million KRW over three years from 2017 to 2019, and the Jaekyung Residents Association and the Small and Medium Business Convergence Gwangju-Jeonnam Federation donated 30 million KRW and 10 million KRW respectively.

Ha Byungpil, Acting Governor of Gyeongnam Province and Chairman of the Scholarship Foundation, said, “We hope that the warm support from various sectors through the Gyeongsangnam-do Scholarship Foundation will help university students in the province focus on their studies,” adding, “We will strive to support students in preparing for their future and create an environment where they can pursue their dreams in Gyeongnam.”

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