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| MBK Scholarship Foundation Chairman Michael Byungju Kim, front row center, sits next to scholarship awardees during the award ceremony in this file photo. / Courtesy of MBK Scholarship Foundation |
By Park Jae-hyuk
The MBK Scholarship Foundation, which was established in 2007 using MBK Partners Chairman Michael Byungju Kim's own money, will select scholarship awardees among low-income students who will enter university next year, the foundation said Monday.
According to the foundation, applicants should send relevant documents by mail between Jan. 4 and 13. Interviewees will receive notice by Jan. 19, and online interviews will be held between Jan. 21 and 23. The list of scholarship recipients will be announced Jan. 26.
"Through the financial support, we are trying to serve as a foothold for students to become leaders in various fields," Kim said in a press release. "It is a more difficult time due to COVID-19, but I hope the awardees return what they receive to society, when they become leaders in each field after finishing their studies."
MBK said it will pay the entire admission fees for scholarship awardees. If their grade point averages exceed 3.0 as of their graduations, they will receive scholarship money covering their entire tuition. The foundation will also give each of them 200,000 won ($181) every semester to buy textbooks and additional allowances to encourage their studies.
Over the past 13 years, the foundation has financially supported more than 150 students.
