Jongkundang Gochon Foundation Celebrates 50th Anniversary of Scholarship Program... Scholarship Certificate Award Ceremony Held

Jongkundang Gochon Foundation announced on the 27th that it held the '2023 Scholarship Certificate Award Ceremony,' marking its 50th anniversary this year, at Jongkundang headquarters in Chungjeongno, Seoul on the 24th. The foundation selected 409 domestic and international scholarship recipients this year and will support them with scholarships and free dormitory accommodations until graduation.

At the 2023 Chong Kun Dang Gochon Foundation Scholarship Certificate Award Ceremony held on the 24th, scholarship recipients are taking a commemorative photo. [Photo by Chong Kun Dang]

First, a total of 1.2 billion KRW will be provided to 174 scholarship students for tuition and living expenses. Among them, 104 tuition scholarship students (64 domestic and 40 overseas) will receive full payment of their university tuition fees, and 70 living expense scholarship students will receive up to 500,000 KRW per month for living expenses for up to three years.

Kim Min-jung, who was selected as a scholarship student this year, said, "I feel proud to be a scholarship student of Jongkundang Gochon Foundation, which has a 50-year history and tradition," adding, "I will devote myself to my studies and grow into a talent who can give back to society the spirit of sharing I have learned through Jongkundang Gochon Foundation."

Additionally, 235 university students from provinces among the selected scholarship recipients will be provided with free dormitory accommodations at 'Jongkundang Gochon Dormitory.' Jongkundang Gochon Dormitory is the first private scholarship foundation housing support facility established to help provincial university students facing housing problems. The dormitory offers free housing benefits to provincial students without any costs, including utility bills.

Jongkundang explained that Gochon Dormitory was established based on the proposal of Chairman Lee Jang-han to practically solve the difficulties faced by young people in our society. The dormitory is currently operating in university-dense areas: Donggyo-dong, Mapo-gu, Seoul (Building 1), Hwikyung-dong, Dongdaemun-gu (Building 2), Junggok-dong, Gwangjin-gu (Building 3), and Yeongdeungpo-dong, Yeongdeungpo-gu (Building 4).

Kim Doo-hyun, Chairman of Jongkundang Gochon Foundation, said, "For the past 50 years, we have carried on the noble spirit of the late Chairman Lee Jong-geun, who devoted his life to educational projects with the belief that no talented individuals should give up their studies due to financial difficulties," adding, "We will continue to be a support for more young people to pursue their dreams through various scholarship projects."

Jongkundang Gochon Foundation plans to carry out a year-round 50th anniversary commemorative project this year. Through this project, it aims to reflect on Chairman Lee Jong-geun’s spirit of sharing and talent-centered management philosophy and present a new vision for nurturing the next generation of talents.

Jongkundang Gochon Foundation is a scholarship foundation established in 1973 with the personal funds of Chairman Lee Jong-geun, the founder of Jongkundang, aiming to return corporate profits to society. Over the past 50 years since its establishment, it has supported about 9,700 scholarship students with 68.4 billion KRW, operating the largest scholarship program among domestic pharmaceutical companies.

At the 2023 Jongkundang Gochon Foundation Scholarship Certificate Award Ceremony, Chairman Kim Doohyun (left) is presenting the scholarship certificate.
[Photo by Jongkundang]

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