S-Oil Awards 280 Million KRW in Scholarships to 115 Orphanage Youths

Economic Independence? Support for Social Adaptation

Hussein Al Qatani, CEO of S-Oil. Photo by S-Oil

[Asia Economy Reporter Choi Seoyun] S-OIL donated scholarships to support the academic studies and independence of youth from orphanages.

On the 27th, S-OIL held the ‘2022 S-OIL Dream Scholarship’ award ceremony at its headquarters in Mapo-gu, Seoul, in collaboration with the Korea Child Welfare Association, and awarded scholarships and a donation of 280 million KRW in total, including support funds for the Seondeokwon girls' orphanage facility, to 115 students majoring in science and engineering at junior colleges and high schools.

S-OIL provided scholarships of 2.5 million KRW each to 40 junior college students from orphanages majoring in science and engineering fields such as chemical engineering, mechanical engineering, and electrical/electronic engineering. The support will continue until graduation to help students focus steadily on their studies.

For 75 high school students preparing for employment, S-OIL also provided 1.5 million KRW each for technical education expenses to help acquire specialized skills or certifications in areas such as heavy equipment, computers, beauty, and baking. Since 2016, S-OIL has supported a total of 833 students with Dream Scholarships amounting to 1.85 billion KRW.

The S-OIL Dream Scholarship is not a simple one-time donation but aims to provide learning and educational opportunities to promote the emotional stability of youth in child welfare facilities and help them grow into healthy members of society.

An S-OIL representative said, “We will continue to actively support students so that they can acquire professional knowledge and skills, enter society, and take a step closer to their dreams. S-OIL will become a company that practices ESG management by creating sustainable future value through continuous social contribution activities.”