Seoul Scholarship Foundation Opens 1.4 Billion KRW 'University Career Scholarships' for 730 University Students

Scholarships of 2 Million KRW Each to 730 Eligible University Students Who Are Either Children of Seoul Citizens or Enrolled in Seoul-Based Universities Through Qualification and Document Screening

[Asia Economy Reporter Lim Cheol-young] The Seoul Scholarship Foundation is providing the 'Seoul Hope University Career Scholarship' worth 1.4 billion KRW to 730 university students to reduce the time spent on livelihood activities and allow them to focus on their studies and career planning.

Eligibility for the Seoul Hope University Career Scholarship includes students enrolled at universities located in Seoul or children of Seoul citizens who are enrolled at universities outside Seoul and are expected to be enrolled in a regular semester in the second semester of this year. Additionally, applicants must be current recipients of government aid, belong to the lower-income bracket, or fall within the 4th or lower income bracket for student loan support from the Korea Student Aid Foundation for either the first or second semester of this year.

A survey conducted last year among recipients of the Seoul Hope University Career Scholarship showed that 71% of students responded that their educational expenses burden decreased, and 35% reported a reduction in part-time work hours, confirming a reduction in students' academic burdens.

Accordingly, the Seoul Scholarship Foundation has doubled the number of scholarship recipients this year compared to the previous year (375 → 730) to focus on supporting career development for low-income university students. Unlike last year, when recruitment was limited to students receiving the Seoul Hope University Scholarship (tuition scholarship), this year the selection process was changed to an open recruitment to expand the pool of scholarship recipients.

Applicants must choose one of two career fields (career exploration, study/employment) to apply and meet the academic criteria according to the chosen career field. Selected scholars through the first eligibility screening and second document review will receive 2 million KRW per person as an academic encouragement grant, which can be used for academic expenses or career development costs.

Lee Seok-jun, Chairman of the Seoul Scholarship Foundation, said, “We will continue to expand career scholarship support so that students can develop career competencies suited to themselves in a self-directed manner,” adding, “We will provide opportunities to dream and leap into the future through scholarships.”

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