KT&G Scholarship Foundation Provides Scholarships to College Students with Unemploye 2021.01.21
The KT&G Scholarship Foundation provides scholarships to college students who are struggling with financial difficulties due to their parents being unemployed. To this end, the Foundation donated KRW 200 million to the Blue Lighthouse Scholarship Project operated by the Korea Scholarship Foundation.
This program was newly launched this year by the KT&G Scholarship Foundation to help the families struggling with unemployment due to the ongoing COVID-19 pandemic and to fulfill its corporate social responsibility in solving the national crisis.
The Korea Scholarship Foundation conducts the entire process of recruiting and selecting beneficiaries, and applications can be made via the Korea Scholarship Foundation's website between January 22nd and February 5th. Sponsorship is intended for college students with parents who have lost their jobs since the second stage of social distancing in the metropolitan area due to COVID-19 pandemic (August 19, 2021), and there are plans to select 100 people and pay KRW 2 million won per person.
Last year, the KT&G Scholarship Foundation provided sponsorship for children totaling KRW 170 million last year to help small business owners who were struggling with financial difficulties due to the COVID-19 pandemic. In addition, KRW 3.4 billion was provided for middle, high school, and university scholarship students, including students of arts and sports, and scholarships worth KRW 100 million won were provided for Russian and Turkish university students.
The KT&G Scholarship Foundation is a public interest corporation established in 2008 in order to practice the management philosophy of “a company that works with the people” by KT&G. The foundation has been steadily conducting scholarship programs to support excellent students and prevent them from giving up their studies for social and economic reasons. So far, a total of 5,431 students have received sponsorship in the cumulative amount of KRW 33.2 billion.
An official at the KT&G Scholarship Foundation said, "I hope this scholarship will be helpful for college students who are struggling with financial difficulties due to their parents being unemployed due to the COVID-19 pandemic so that they may not lose hope and continue their studies." He closed by saying, "In the future, we will continue to operate various support projects to fulfill our corporate social responsibilities and foster future talent.”
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