Namyang Dairy Products Awards "Family Scholarships" to Dealer Owners' Children, Providing 1.67 Billion Won in Support Over 14 Years

Scholarships totaling 32 million won awarded to 23 recipients in the second half of this year
Program introduced in 2013 as the first of its kind in the dairy industry
Support provided twice a year, in the first and second halves of the year

Namyang Dairy Products said on Nov. 3 that it had awarded a total of 32 million won in “Family Scholarships” to 23 children of its dealer owners in the second half of this year.

The Family Scholarship program is a flagship initiative that Namyang Dairy Products introduced in 2013 as the first of its kind in the dairy industry. It aims to ease the burden of education expenses on dealer owners’ children and promote shared growth. The program runs regularly in the first and second halves of each year. Over the past 14 years, scholarships totaling 1.67 billion won have been awarded to 1,267 recipients.

Namyang Dairy Products Supports "Family Scholarships" for Distributors' Children. Photo provided by Namyang Dairy Products.

In addition to its scholarship program, Namyang Dairy Products runs a range of initiatives to foster trust with its dealers. Through its “Dealer Partnership Council,” introduced in 2013 as the first of its kind in the dairy industry, company executives and dealer owners meet regularly to hear about challenges in the field and discuss key policy issues.

The company has also established practical welfare programs, including sales support, long-service awards, and assistance with congratulatory and condolence events and maternity supplies. Since its management transition in 2024, it has expanded financial support by introducing a low-interest credit loan program.

On the strength of these efforts, Namyang Dairy Products has received an Excellent rating for three consecutive years in the Fair Trade Commission’s evaluation of implementation of fair trade agreements in the dealership sector and has also been named a “Dealer Partnership Company” for three consecutive years.

A Namyang Dairy Products official said, “We will continue to strengthen our partnership programs across education, finance and welfare, based on trust with our dealers.”

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