S-OIL Hosts "Mutual Growth Scholarship" Award Ceremony

Scholarships Awarded to 64 Students, Including Children of Partner Company Employees and University Students Recommended by Social Welfare Organizations
Support for Disadvantaged Groups and Partner Company Children
Expanded Social Contribution and Strengthened Partnerships

On August 27, S-OIL (CEO: Anwar Al Hejazi) and the Ulsan Social Welfare Council held a mutual growth scholarship award ceremony at the main auditorium of the Ulsan plant. Scholarships were presented to 64 selected university students, each receiving 3 million won. The recipients included children of employees from local partner companies and university students recommended by social welfare organizations.

S-OIL delivered 200 million won in mutual growth scholarships for children of local partner company employees and university students recommended by social welfare organizations to the Ulsan Social Welfare Council at the main building of the Ulsan plant on the 27th. (From the 8th person on the left: Oh Segul, Chairman of the Ulsan Social Welfare Council; Kim Kyungtae, Head of Maintenance Division at S-OIL) Photo by S-OIL

The ceremony was attended by Oh Segeol, Chairman of the Ulsan Social Welfare Council; Kim Kyungtae, Head of Maintenance Division at S-OIL; Jang Seunghyuk, CEO of Yuhan TU, a partner company; other partner company representatives; and the 64 scholarship recipients selected through the scholarship committee.

Since 2022, S-OIL has operated a scholarship program for children of partner company employees to promote mutual growth and provide tangible benefits for their welfare. Starting last year, the program expanded to include university students recommended by social welfare organizations.

The Ulsan Social Welfare Council formed a scholarship committee to ensure a fair selection process, rigorously screening applicants to determine the scholarship recipients.

Oh Segeol, Chairman of the Ulsan Social Welfare Council, stated, "S-OIL's mutual growth scholarship program is more than just support for a few dozen students; it sends a message of hope to the community that 'we are in this together.' This virtuous cycle makes our community warmer and healthier."

Kim Bochan, Ulsan Complex Head at S-OIL, said, "I hope this event will help brighten the future of the scholarship recipients, even if only a little. S-OIL will continue to engage in various social contribution activities to grow together with the local community."

S-OIL is actively involved in improving the educational environment in Ulsan, where its business site is located, by providing school development funds, scholarships, and book donations, among other initiatives.

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