Taekwang Ilju Foundation Awards Scholarships to 9 U.S. Doctoral Students... 150 Million KRW Per Person

The 31st Overseas PhD Scholarship Certificate Award Ceremony Held

Ilju Academic and Cultural Foundation, affiliated with Taekwang Group, which celebrated its 33rd anniversary, announced on the 10th that it awarded scholarship certificates to nine students selected as the 31st overseas doctoral scholarship recipients for 2023 at the Heungkuk Life Insurance Building in Jongno-gu, Seoul.

The Ilju Foundation supports each scholarship recipient with a total of $120,000 (approximately 150 million KRW) over four years to enable them to focus on their studies and research without financial difficulties.

The selected students have been admitted to doctoral programs at prestigious institutions including MIT, Harvard University, Columbia University, Yale University, Princeton University, Carnegie Mellon University, Stanford University, and California Institute of Technology (Caltech). Their majors include chemical engineering, mathematics, history, education, clinical psychology, software engineering, environmental economics, and political science.

A distinctive feature of the Ilju Foundation scholarship is that it imposes no requirements or restrictions associated with receiving the scholarship. This principle has been upheld since the foundation began its scholarship program. It reflects the will of the founder of the foundation and Taekwang Group, Ilju (一洲) Lee Im-yong, who intended for scholarship recipients to concentrate solely on their degree programs without any burdens other than their studies and research. The Ilju Foundation operates under the motto, “A tree must grow together with the forest.”

Taekwang Group Ilju Academic and Cultural Foundation awarded scholarship certificates to nine recipients selected as the 31st overseas doctoral scholarship students for 2023 on the 6th at the Heungkuk Life Insurance Building in Jongno-gu, Seoul. The photo shows Lee Woo-jin, Chairman of the Ilju Academic and Cultural Foundation (fifth from the left), and the scholarship students posing for a commemorative photo. For the three scholarship students overseas, their families participated on their behalf.
[Photo by Taekwang Group]

The Ilju Foundation explained, "Since starting the overseas doctoral scholarship program in 1991, we have selected talented individuals evenly across various fields to promote balanced academic development." Including this year’s recipients, the foundation has supported a total of 214 individuals with approximately 27 billion KRW over the past 32 years. The overseas doctoral scholarship selection is held once a year, and related information can be found on the foundation’s website.

Lee Woo-jin, Chairman of the Ilju Foundation, said, "Having been selected as overseas doctoral scholarship recipients through a highly competitive process with a 30 to 1 ratio, I urge the scholars to carry on the founder’s spirit of emphasizing ‘sharing’ and become talents who can give back their abilities to the nation and society."

In addition to the overseas doctoral support program, the Ilju Foundation has supported a total of 1,322 students, including those selected this year, with approximately 18 billion KRW for undergraduate and graduate students in Korea.

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