Buhyung Group's Woosung Education Foundation has awarded approximately 400 million won in scholarships to 98 international students studying at domestic universities, bringing the total support to 11.6 billion won.
On August 26, Buhyung Group announced that it distributed the funds during the '2026 Second Semester International Student Scholarship Award Ceremony' held at the Korea Chamber of Commerce and Industry in Seoul. Including this latest support, the foundation has provided a total of 11.6 billion won in scholarships to 2,945 students from 46 countries since its establishment in 2008.
The Woosung Education Foundation was founded by Buhyung Group Chairman Lee Joong-geun, who contributed his personal funds. Since 2010, the foundation has awarded scholarships twice a year to international students at domestic universities, expanding its support in 2013 to increase the scholarship amount to 8 million won per student annually.
Chairman Lee Joong-geun stated, "I applaud your passion as you pursue your dreams in a foreign environment, and I hope this scholarship serves as a solid foundation for you." He added, "I hope you will act as a bridge connecting your home countries and South Korea, spreading the goodwill that helped you, just like the United Nations did for us."
As the President of the Korean Association for the United Nations, Lee continues to promote the role of the UN and the dedication of UN forces. He has proposed designating October 24, the anniversary of the UN's founding in 1945, as a national holiday and conducted a campaign in July to raise awareness of the relationship between the UN and South Korea's Constitution.
In addition to its scholarship program for international students, Buhyung Group is actively engaged in social contribution activities focused on education. According to the company, it has donated dormitories to over 130 elementary, middle, high schools, and universities nationwide, and last year supported 20 billion won for the remodeling of KAIST dormitories.
Through the Woosung Educational Foundation, it operates five schools, including Neungju Middle and High School in Jeollanam-do and Deokwon Middle and High School in Seoul. At Changshin University, acquired in 2019, the foundation provided full scholarships for one year to new students, with a total scholarship amounting to 8.9 billion won.
Internationally, the group has donated 2,100 buses to countries like Cambodia and Laos and supported 600 schools and over 600,000 educational blackboards and 70,000 digital pianos across 25 countries.
Buhyung Group continues its social contribution activities, including scholarships, educational facility support, and childbirth incentives, with a total cumulative donation amount of 1.22 trillion won, while Chairman Lee's personal cumulative donations amount to 268 billion won.
* This article has been translated by AI.
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