Taekwang Ilju Foundation Awards Scholarship Certificates to Overseas PhD Students

Seven Selected in Total
$120,000 Per Scholar

Taekwang Group's Ilju Academic and Cultural Foundation announced on July 8 that it held the '34th Overseas PhD Scholarship Certificate Award Ceremony' at the Heungkuk Life Building in Jongno-gu, Seoul, and presented scholarship certificates to seven students who will be entering doctoral programs at leading universities around the world.

Minsu Kim, Chairman of Iljoo Academic and Cultural Foundation (front row, far left), and Sunghun Jo, President of the Iljoo Foundation Overseas PhD Alumni Association (front row, far right), are taking a commemorative photo with the new scholarship students at the 'Iljoo Academic and Cultural Foundation 34th Overseas PhD Scholarship Certificate Award Ceremony' held on the 8th at Heungkuk Life Building in Jongno-gu, Seoul. Taekwang Group

The seven recipients selected as the 34th Overseas PhD Scholars are set to enter doctoral programs at prestigious institutions such as the Massachusetts Institute of Technology (MIT), Harvard University, and Columbia University. They have been recognized for their outstanding research achievements and academic potential in a range of fields including materials engineering, artificial intelligence engineering, and civil engineering.

The Ilju Foundation will provide each scholar with a total of $120,000 (approximately KRW 180 million) over five years to support their studies and research. In particular, in line with the philosophy of 'selfless giving' advocated by the late Taekwang Group founder Lee Im-yong, who established the foundation, no additional obligations are imposed on the scholarship recipients.

Even after graduation, the Overseas PhD Scholars continue to network through various programs such as academic research meetings and year-end events. Alumni who have received the scholarship are now actively engaged in leading roles across major universities, research institutes, and companies both in Korea and abroad.

Since launching its Overseas PhD Scholarship Program in 1991, the Ilju Foundation has selected new scholars every year and has provided a total of KRW 29.7 billion in scholarships to 228 individuals to date.

At the ceremony, Minsu Kim, Chairman of the Ilju Foundation, remarked in his congratulatory address, "Please keep in mind the late founding chairman Lee Im-yong's belief that 'a tree must grow together with the forest.' I hope you will grow into talents who will warmly return the benefits you have received back to our society."

Meanwhile, the Ilju Foundation held a board meeting on the same day and appointed Ho Jin Lee, Chairman of Taekwang Group, as its 8th chairman. His term will begin in August and last for two years.

This content was produced with the assistance of AI translation services.