SK Hynix Opens Applications for '2024 Happy Family' Scholarships for Children of Partner Company Employees

Scholarships Funded by ESG Program Profits
Practicing a Virtuous Cycle of Social Value
Operating for 6 Years Since 2019
Supporting Over 1,400 People with 1.74 Billion KRW This Year

SK Hynix announced on the 12th that it will recruit recipients for the '2024 Happy Family Scholarship,' which it operates to expand win-win cooperation with its partners, from the 12th of this month until July 14th.

SK hynix 'Happy Family Scholarship' Application Poster. Photo by SK hyninx

Applicants are children of employees working at partner companies who are in elementary, middle, high school, or university (graduate school). The company selects recipients mainly from partners with high participation in ESG programs through a screening process. Scholarships are awarded up to a maximum of 5 million KRW per partner company, with 500,000 KRW for elementary and middle school students, 1 million KRW for high school students, and 4 million KRW for university (graduate) students.

This program is funded by the profits generated from the 'ESG Program,' which SK Hynix has been conducting since 2019 to enhance the management capabilities of partner companies and encourage participation in ESG activities, and is recognized for practicing a virtuous cycle of social value. The ESG Program includes various initiatives such as a technical cooperation program that provides measurement and analysis services using SK Hynix's high-end equipment to partners, as well as sharing semiconductor, environmental, patent knowledge, and know-how.

This year, the company plans to increase the scholarship scale by 10% and expand the number of recipients. As a result, a total of approximately 1,400 recipients will receive scholarships amounting to 1.74 billion KRW.

Lee Byung-rae, Vice President of SK Hynix (in charge of sustainable management), said, "Despite the difficult business environment due to last year's downturn, we did not reduce or suspend the Happy Family Scholarship and continued its operation. We will continue to operate various social value programs with our partners to strengthen the semiconductor ecosystem and take the lead in nurturing future talents."

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