How will S-Oil’s 100 million won donation to Mapo foundations be used?

The Mapo Scholarship Foundation will use the funds for scholarships for students from low-income families in Mapo District. The Mapo Welfare Foundation will use them to finance social welfare programs run by local institutions.

Why does S-Oil make annual donations in Mapo District?

S-Oil says the donations are part of its efforts to support the local community. The company’s headquarters is in Mapo District, and it has provided annual scholarships and welfare donations there since 2012.

What community outreach programs does S-Oil run in addition to scholarships and welfare donations?

S-Oil shares rice cake soup during the Lunar New Year holiday, distributes songpyeon during Chuseok and hosts free cultural performances every month.

S-Oil donates $73,000 to support low-income families

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Summary

S-Oil donated 100 million won ($73,000) at Mapo District Office in Seoul on Monday to support low-income students and local welfare programs. The money was given to the Mapo Scholarship Foundation and the Mapo Welfare Foundation. S-Oil President Ryu Yeol said the company would continue supporting the community. S-Oil has made annual scholarship and welfare donations in Mapo District since 2012.

Key Facts

The donation ceremony was attended by S-Oil President Ryu Yeol, Mapo Scholarship Foundation Chair Kwon Oh-beom and Mapo Welfare Foundation Chair Kim Eun-young.
The funds will provide scholarships to students from low-income families in Mapo District and finance social welfare programs run by local institutions.
S-Oil’s headquarters is located in Mapo District.
The company also shares rice cake soup during Lunar New Year, distributes songpyeon during Chuseok and hosts free cultural performances each month.

By Lee Gyu-lee

Published Nov 9, 2026 2:32 pm KST

S-Oil CEO Anwar Al-Hejazi / Courtesy of S-Oil

S-Oil said Monday it donated a total of 100 million won ($73,000) to the Mapo Scholarship Foundation and the Mapo Welfare Foundation to support students from low-income families and promote community welfare.

The donation ceremony was held at Mapo District Office in Seoul, attended by S-Oil President Ryu Yeol, Mapo Scholarship Foundation Chair Kwon Oh-beom and Mapo Welfare Foundation Chair Kim Eun-young.

The funds will be used to provide scholarships to students from low-income families in Mapo District and finance social welfare programs run by local institutions.

“We hope our scholarships and donations will provide meaningful help to students facing difficulties and the local community,” Ryu said. “We will continue to grow alongside the community and uphold our commitment to ESG management.”

S-Oil has provided annual scholarships and welfare donations to low-income families in Mapo District, where its headquarters is located, since 2012 as part of its efforts to support the local community.

Other community outreach programs include sharing rice cake soup during the Lunar New Year holiday, distributing “songpyeon,” traditional Korean half-moon shaped rice cakes, during Chuseok and hosting free cultural performances every month.

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