IBK Industrial Bank Donates 1 Billion KRW in Scholarships to Children of SME Workers and Small Business Owners

On the 1st, at the IBK Corporate Bank headquarters in Euljiro, Seoul, a commemorative photo was taken with Yoon Jong-won, President of IBK Corporate Bank, and the scholarship recipients during the '2022 First Half IBK Scholarship Award Ceremony.'

[Asia Economy Reporter Bu Aeri] IBK Industrial Bank announced on the 3rd that it has awarded scholarships totaling 1.024 billion KRW to 517 children of small and medium-sized enterprise (SME) workers and small business owners.

The bank also stated that the selected university student scholarship recipients will have opportunities to participate in ‘IBK Mentoring,’ a volunteer program providing academic guidance to underprivileged children, thereby spreading the spirit of sharing.

To improve the welfare of families of SME workers, IBK established the IBK Happiness Sharing Foundation in 2006 and has contributed a total of 61.5 billion KRW. So far, it has sponsored 17.9 billion KRW in scholarships and 13 billion KRW in medical expenses.

IBK Industrial Bank has continuously supported SME workers through various social contribution activities such as establishing the first joint workplace daycare center for SMEs in the financial sector, mentoring, and financial and economic education.

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