SEOUL, September 29 (AJP) - The Hyundai Motor Chung Mong-Koo Foundation of South Korea has awarded scholarships to 13 students from across Southeast Asia, the latest recipients in a program that has supported hundreds of young scholars since its creation in 2012.
At a ceremony held Sept. 27 in central Seoul, the foundation announced that the new recipients — from Myanmar, Vietnam, Indonesia, Thailand and the Philippines — will begin graduate and undergraduate studies in 2026 at some of South Korea’s most prestigious universities, including Seoul National University, Korea University and KAIST.
The scholarships, covering full tuition and living expenses, reflect Hyundai Motor Group honorary chairman Chung Mong-koo’s philosophy of investing in talent.
Each student receives not only tuition but also an annual study grant of 14.4 million won (about $10,500), along with settlement and graduation stipends. Additional funds are available for research and academic conferences.
Since 2011, the foundation has provided financial support to more than 240 international students from eight ASEAN countries, in addition to Korean students, with total funding reaching 140 billion won. On average, each recipient receives about 57 million won over the course of their studies.
Beyond financial aid, the program fosters networking and academic growth through summer camps, seminars and collaboration with the United Nations Institute for Social Development. Graduates become part of the Chung Mong-Koo Scholarship Fellows community, maintaining ties across borders.
* This article, published by Aju Business Daily, was translated by AI and edited by AJP.
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