Sacheon City Talent Development Scholarship Foundation Approves 2027 Budget of KRW 2.47 Billion

46th Extraordinary Board Meeting Held... KRW 975 Million Allocated for Scholarship Programs
Six Programs to Be Carried Out, Including Scholarships, English Camp, and Overseas Cultural Tours
Four Board Members and One Auditor Appointed... Terms to Begin on December 22 After Supervisory Approval

The Sacheon City Talent Development Scholarship Foundation has approved its 2027 business plan and budget, setting the direction for scholarship programs for local students.

The Sacheon City Talent Development Scholarship Foundation, chaired by Sacheon Mayor Park Dongsik, held its 46th extraordinary board meeting in the conference room at Sacheon City Hall and deliberated and approved key agenda items, including its 2027 business plan, revenue and expenditure budget, and appointments of executives, the foundation said on November 8.

The foundation's budget for 2027, approved at the meeting, totals KRW 2.47 billion.

[Photo provided by Sacheon City] Sacheon Mayor Park Dongsik presides over the 46th special board meeting of the Sacheon City Talent Development Scholarship Foundation, held in the city hall's main conference room. The board reviewed and approved the 2027 business plan, a revenue and expenditure budget totaling 2.47 billion won, and proposed appointments of executives.

Of that amount, KRW 975 million was allocated to mission-related programs, including scholarship programs, in line with the foundation's founding purpose.

The foundation plans to use the funds to carry out six programs to support local students' studies and expand their educational opportunities.

Key programs include scholarships for nurturing talent, a global talent English camp, remote video English lessons with native speakers, overseas cultural study tours for university student groups, support for online college entrance exam lectures, and dream-support scholarships.

The scholarships for nurturing talent and the dream-support scholarships are intended to support students' studies and opportunities for personal growth. The global talent English camp and remote video English lessons with native speakers aim to expand opportunities to learn foreign languages.

The overseas cultural study tours for university student groups provide university students from the region with opportunities to experience other cultures, while support for online college entrance exam lectures is intended to improve students' access to learning.

Alongside its existing scholarship programs, the foundation plans to continue offering a range of educational support programs, including foreign-language education, online learning, and overseas cultural experiences.

The board also approved appointments of executives at the meeting.

The foundation conducted an open recruitment process and reviewed candidates through an executive recommendation committee to fill positions for executives whose terms expire in December 2026 and vacant board seats.

It then appointed four board members and one auditor from among the recommended candidates.

The newly appointed executives are expected to begin their terms on December 22, 2026, after receiving approval from the supervisory authority.

Park Dongsik, chair of the Sacheon City Talent Development Scholarship Foundation, said, "With the interest and support of citizens, organizations, and businesses, we will continue to provide scholarship programs for local students. We will work to expand students' educational opportunities and support a range of experiences, including foreign-language learning and overseas cultural activities."

The Sacheon City Talent Development Scholarship Foundation plans to provide scholarships and operate educational support programs in accordance with its 2027 business plan, while continuing initiatives to support local students' studies and improve educational conditions.

To improve the effectiveness of its scholarship programs, the foundation needs to provide specific information on the number of recipients and budget allocations for each program, as well as student selection criteria, and assess the outcomes of its educational support.

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