Namdo Haksuk Awards 'Jo Deokhee's Servant Leadership' Scholarship

Kim Jae-cheol Dongwon Group Honorary Chairman's Wife
Donated 2 Billion KRW in 2006 to Establish Scholarship Fund
Fostering Talents with Leadership of Service and Leading by Example to Neighbors

Namdo Hak-suk announced on the 14th that it awarded the 18th 'Jo Deok-hee Servant Leadership' scholarship at the Dongwon Group headquarters in Seocho-gu, Seoul.

The Jo Deok-hee Servant Leadership scholarship was established in 2006 when the late Mrs. Jo Deok-hee, wife of Kim Jae-chul, Honorary Chairman of Dongwon Group, donated cash and stocks worth approximately 2 billion KRW to Namdo Hak-suk. It has been operated since 2007 with the purpose of selecting students who aspire to become leaders in various fields such as finance, economics, politics, and media, and nurturing them into talents with a spirit of sacrifice and service, as well as servant leadership characterized by caring for neighbors and leading by example.

Kim Jae-cheol, Honorary Chairman of Dongwon Group (fifth from the left in the front row), is taking a commemorative photo with scholarship recipients at the 18th "Jo Deok-hee Servant Leadership" Scholarship Award Ceremony held at the Dongwon Group headquarters in Seocho-gu, Seoul.
[Photo by Dongwon Group]

At the award ceremony, 15 scholarship recipients each received 10 million KRW. Following Honorary Chairman Kim's proposal to expand the support scale so that the scholars can become responsible leaders in society, the scholarship amount was increased from the previous 5 million KRW. Over the past 17 years, a total of 206 students have received scholarships amounting to approximately 1 billion KRW.

Meanwhile, Dongwon Group has been operating the Dongwon Education Foundation since 1979 to nurture talents who will become the driving force of the nation and future society. The Dongwon Education Foundation supports scholarships, research funds, and educational facilities for middle and high school students as well as university students, and promotes educational development projects. To date, it has provided scholarships totaling about 60 billion KRW to over 10,000 students.