S-Oil foundation honors young scientists with 368 million won in research grants

By Kim Dong-young Posted : November 26, 2025, 15:54 Updated : November 26, 2025, 15:54
S-Oil CEO Anwar A Al-Hejazi middle celebrates the companys foundation awarding with the awardees Nov 26 2025 Courtesy of S-Oil
S-Oil CEO Anwar A. Al-Hejazi (middle) celebrates the company's foundation awarding with the awardees, Nov. 26, 2025. Courtesy of S-Oil
 
SEOUL, November 26 (AJP) - S-Oil Science Prodigy and Culture Foundation on Wednesday presented awards to promising researchers in basic sciences, distributing a total of 368 million won (about $250,000) in research funding at its Seoul headquarters.

The foundation, chaired by Hong Suk-woo, held the 15th Dissertation of the Year Awards and the 7th Next-generation Scientist Fellowship Awards ceremony at the company's Gongdeok-dong office. The Korean Academy of Science and Technology and the Korea University President Association co-hosted the event.

Twelve young scientists and their academic advisors received 168 million won for exceptional doctoral dissertations across six fields including mathematics, physics, chemistry, life sciences, chemical and materials engineering, and information technology.

Five researchers were also granted 200 million won under the Next-Generation Scientist Award for work in physics, chemistry, physiology and medicine, chemical and materials engineering, and IT.

"Korea's scientific future is bright, with researchers gaining global recognition for outstanding papers in basic sciences," S-Oil CEO Anwar A. Al-Hejazi said. "S-Oil will continue supporting Korean scientists so they can focus on their research with stability."

The company established the independent foundation in 2011 to bolster basic science research in South Korea. Beyond its annual awards, the foundation operates various programs including international academic forums to nurture scientific talent.
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