Baemin Provides 1.6 Billion KRW in Scholarships to 290 Children of Restaurant Owners

'2023 Elegant Boss Children Scholarship Award Ceremony' Held

Baedal Minjok (Baemin) has awarded a total of 1.6 billion KRW in scholarships to 290 children of restaurant owners facing financial difficulties. Woowa Brothers Corp., the operator of Baemin (CEO Lee Guk-hwan), announced on the 17th that it held the '2023 Woahan Boss Children Scholarship' award ceremony at COEX in Gangnam-gu, Seoul on the 15th.

The 'Woahan Boss Children Scholarship' is a scholarship program for children of restaurant owners, operated with 10 billion KRW from the 20 billion KRW 'Woahan Boss Care Fund' donated by Chairman Kim Bong-jin. It provides scholarships of up to 6 million KRW to children of restaurant owners experiencing economic hardship. The Community Chest of Korea manages the fund, and the nonprofit educational social venture Jump is responsible for selecting scholarship recipients and operating the scholarship program.

Lee Gukhwan, CEO of Woowa Brothers (center), Shim Jeongmi, Head of the Community Chest of Korea (left), and Lee Uiheon, CEO of the nonprofit organization Jump, are posing for a commemorative photo at the "2023 Woowa Boss Children Scholarship Award Ceremony" held on the 15th at COEX, Seoul.

Notably, this year Woowa Brothers additionally donated 200 million KRW from its corporate fund. Lee Guk-hwan, CEO of Woowa Brothers, said, "After reading the applications of this year’s scholarship recipients, I felt they had many concerns while finding and dedicating themselves to their areas of interest," adding, "I hope this scholarship can help ease those concerns."

This year, 290 students were selected as scholarship recipients through document screening including income level and personal statements. High school students will receive an annual academic support grant of 3 million KRW, while university students will receive either 4 million KRW annually (general track) or 6 million KRW for housing support (housing independence track). Baemin also plans to offer gifts and opportunities to participate in upcoming capacity-building programs to applicants who were not selected as scholarship recipients.

CEO Lee stated, "It is very important for a healthy food service industry ecosystem to pay attention not only to store operations but also to the overall difficulties faced by restaurant owners’ families and livelihoods," and added, "Baemin will continue to engage in various efforts and considerations to support the many families making a living through the food service industry."

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