Starbucks Awards Scholarships to 101 Young Talents Over 10 Years

10th Anniversary of the Youth Talent Development Program
'Homecoming Day' Held as a Venue for Communication
Annual Scholarship of 6 Million KRW Until University Graduation
2.3 Billion KRW Donated to Green Umbrella

Starbucks Korea announced on the 23rd that it held a "Homecoming Day" at the Starbucks Support Center on the 21st to celebrate the 10th anniversary of the "Starbucks Youth Talent Development Program," bringing together young talents in one place. Over the past 10 years, a total of 101 young talents from the 1st to the 10th cohort have been selected. This year, 10 graduates were produced, bringing the total number of graduates to 50. The Youth Talent Development Program is a social contribution activity that has been carried out for over 10 years since 2014 in partnership with Green Umbrella, supporting young people to find their dreams and develop leadership skills.

Jonghyun Son, CEO of Starbucks (first from the left), and Jungwon Shin, Head of Green Umbrella Foundation (first from the right), are taking a commemorative photo with students selected for the 'Starbucks Youth Talent Development Program.' Photo by Starbucks Korea

Starbucks provides an annual scholarship of 6 million KRW to all young talents until they graduate from university. It also operates various programs for young talents, such as youth leadership camps, mentoring programs, and community service activities.

At this year's "Homecoming Day," a graduation ceremony was held for young talents graduating from university, allowing seniors and juniors to support the graduates' new beginnings. Additionally, there was an "Open Forum with Seniors" for communication between graduates and current students, as well as group activities reflecting on 10 years of youth talent activities.

Chai Hyun, a 6th cohort young talent graduating this year, said, "The youth talent activities are the most special memories during my university life," adding, "Through the Starbucks internship, I gained a broader perspective." Starbucks CEO Son Jeong-hyun stated, "We are proud that young talents have established themselves as outstanding members of society spreading positive influence in their communities," and added, "We will continue to carry out various social contribution activities so that young people can plan their futures and take on challenges."

Meanwhile, Starbucks currently operates a total of nine profit-sharing stores called Community Stores. Among them, part of the profits from the first store, 'Daehakro Branch,' and the second store, 'Seongsu Station Branch,' are used to operate the Youth Talent Development Program. The funds Starbucks has donated to Green Umbrella to support youth growth amount to a cumulative total of 2.3 billion KRW as of February this year.