HD Hyundai Heavy, 56.4 Million KRW Scholarship and Support for Children in Ulsan Dong-gu Area

On the 18th, HD Hyundai Heavy Industries held a 'Support Fund Delivery Ceremony for Households in Financial Difficulty' at Ulsan Dong-gu Office and donated 56.4 million KRW to the Ulsan Regional Headquarters of the Green Umbrella Children's Foundation. Photo by HD Hyundai Heavy Industries

HD Hyundai Heavy Industries donated more than 50 million KRW in scholarships to students from low-income households in the Dong-gu area of Ulsan.

On the 18th, HD Hyundai Heavy Industries held a 'Support Fund Delivery Ceremony for Households in Financial Difficulty' at the Ulsan Dong-gu Office, attended by Kim Won-tak, Executive Director of HD Hyundai Heavy Industries, Kim Jong-hoon, Mayor of Dong-gu, and Kim Dong-hwan, Head of the Ulsan Regional Headquarters of the Green Umbrella Children’s Foundation. They donated 56.4 million KRW to the Ulsan Regional Headquarters of the Green Umbrella Children’s Foundation.

The donation will be used this year to support students from low-income households in the Dong-gu area of Ulsan, including basic livelihood security recipients, near-poverty groups, single-parent families, and those with household incomes below 100% of the median income. Of this amount, 44.4 million KRW will be used as scholarships for 30 students, and 12 million KRW will be used as emergency living expenses for four youths.

Earlier this month, HD Hyundai Heavy Industries selected 30 scholarship recipients?16 elementary school students and 14 middle and high school students?through recommendations from the Ulsan Regional Headquarters of the Green Umbrella Children’s Foundation. Elementary students will receive 100,000 KRW, and middle and high school students will receive 150,000 KRW in scholarships monthly starting this month.

Notably, the scholarships will continue to be provided from the initial selection until the students graduate from high school and can also be used for living expenses, which is expected to provide substantial support to their families.

A representative from HD Hyundai Heavy Industries said, "Education is the seed that nurtures students' dreams. We hope this scholarship will plant smiles and hope in the futures of these students and contribute, even a little, to the development of the local community."

Meanwhile, HD Hyundai Heavy Industries has consistently engaged in sharing activities to help children from low-income households in the region, donating a total of approximately 1.39 billion KRW from 1994 to 2023.

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