The Hyundai Motor Chung Mong-koo Foundation is expanding its global scholarship program to include not only undergraduate students from the ASEAN region but also overseas Korean language instructors.
On August 25, the foundation held a scholarship award ceremony for 31 new recipients of the 'CMK Global Scholarship - Undergraduate Program,' which was announced on August 26. This year's selected scholars are undergraduate students from Indonesia and Vietnam, who will continue their studies at Seoul National University, Korea University, Yonsei University, and Hanyang University starting next month.
The CMK Global Scholarship is a foreign scholarship initiative by the Chung Mong-koo Foundation, which has selected over 220 students and provided a total of 15 billion won since its inception in 2020.
Since 2024, the foundation has been offering undergraduate programs to provide outstanding talent from the ASEAN region with opportunities to study in Korea, aiming to enhance the internationalization of domestic universities and promote human exchanges between Korea and ASEAN.
Selected scholars receive full tuition coverage, monthly study scholarships, and settlement grants. Exceptional scholars will also be supported in pursuing graduate studies after completing their undergraduate degrees.
This year, the foundation has introduced a new scholarship program for Korean language instructors working abroad. The program offers foreign instructors the opportunity to experience Korean teaching methods and immerse themselves in Korean language and culture.
The first group of eight scholars comes from seven countries: Ukraine, Vietnam, Indonesia, Cambodia, Sri Lanka, Uzbekistan, and Iran. They will participate in a specialized teaching methods course developed in addition to the regular Korean language curriculum at Yonsei University’s Korean Language Institute for six months starting in September.
The foundation covers tuition fees, textbook costs, round-trip airfare, housing and settlement grants, and study scholarships. The CMK Fellowship program also includes cultural experiences and networking opportunities for the scholars.
A representative from the Hyundai Motor Chung Mong-koo Foundation stated, 'The CMK Global Scholarship is establishing itself as a global talent development initiative by expanding its target audience and areas of support.'
Meanwhile, the Hyundai Motor Chung Mong-koo Scholarship is based on the founder Chung Mong-koo's philosophy of nurturing talent, aiming to cultivate global leaders for the future. Starting in 2026, the program will be restructured to provide integrated support in five key areas: science and technology, culture and arts, international cooperation, global initiatives, and heroes, with plans to nurture 1,000 talents over the next five years.
* This article has been translated by AI.
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