S-Oil Donates 200 Million KRW Scholarship Fund for Employees' Children in Partner Companies

On the 25th, S-Oil donated 200 million KRW in mutual growth scholarships to the Ulsan Social Welfare Council.

The S-Oil mutual growth scholarships will be awarded to 60 recipients, including children of partner company employees and university students recommended by social welfare organizations in the Ulsan area, with each receiving 3 million KRW. The Ulsan Social Welfare Council formed a scholarship committee to ensure fair selection and chose the scholarship recipients through a rigorous screening process.

Lee Young-baek, Vice President of S-Oil, stated, “By continuously strengthening social contribution activities closely connected with the local community, including the scholarship program, we will strive not only for mutual growth between large corporations and small and medium-sized enterprises but also for growth together with the local community.”

At the win-win scholarship award ceremony held on the 25th at the main building of the Ulsan plant, Lee Young-baek, Vice President of S-Oil (fifth from the left), and Moon Jae-cheol, Chairman of the Ulsan Social Welfare Council (fourth from the left), are posing for a commemorative photo.
[Photo by S-Oil]

Since last year, S-Oil has been operating a scholarship program for children of partner company employees to provide practical support for mutual growth with partner companies and employee welfare. This year, the scope of beneficiaries was expanded to include university students recommended by social welfare organizations.

In addition, S-Oil is engaged in various activities such as contributing to school development funds, scholarship projects, and book donations to improve the educational environment for youth in the Ulsan area where its business sites are located.

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