Yeosu Jinnam Scholarship Foundation Awards Scholarships... Continuing for 26 Years

The Yeosu Jinnam Scholarship Foundation has attracted attention for providing scholarships to local students for 26 years.

According to the city, on the afternoon of the 27th, the 26th Jinnam Scholarship Foundation Scholarship Award Ceremony was held at the Yeosu Chamber of Commerce and Industry. A total of 38 million won in scholarships was awarded to 22 high school students and 27 university students.

Yeosu Jinnam Scholarship Foundation has been providing scholarships to local students for 26 years.
Photo by Yeosu City

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The ‘Jinnam Scholarship Foundation’ was established in 1996 when Park Jeong-chae, CEO of Jinnam Development, donated 200 million won in scholarship funds under the philosophy of ‘returning corporate profits to society.’ Since then, an additional 200 million won was donated in 2020, bringing the total to 400 million won, which has been used to provide scholarships to students.

The scholarship distribution has continued for 26 years since the first scholarship was awarded in October 1997, and up to this year, a total of 1,477 students have received scholarships amounting to 709.6 million won.

Chairman Park Jeong-chae said, “Although the scholarship amount is modest, I hope it encourages students who study hard despite difficult circumstances to grow into talents who will contribute to the development of the region and the nation.” He added, “We will strive to provide more benefits to students who are the future leaders.”

Yeosu = Choi Cheol-hoon, Honam Reporting Headquarters, Asia Economy hss79@asiae.co.kr

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