The Kumho Asiana-Vietnam Scholarship and Culture Foundation (KVSC) opened in Hanoi on December 6.
The non-profit scholarship organisation, co-founded by Kumho Asiana Group of the Republic of Korea (RoK) and Vietnam’s Ministry of Culture, Sports and Tourism, has an initial capital of 2 million USD contributed by Kumho Asiana affiliates which are operating in Vietnam.
They include Asiana Airlines, Kumho Tire Co. Ltd, Kumho Construction & Engineering Co. Ltd, Daewoo Engineering & Construction Co. Ltd, Kumho Transportation Co. Ltd and Kumho Rent a Car Co. Ltd.As of February 2008, KVSC will grant scholarships to 120 poor students at universities, 30 at colleges and 70 at primary and high schools in Vietnam each semester, said Kumho Asiana CEO and KVSC President Park Sam Koo.
The foundation also plans to hold an annual Korean language speaking contest which aims to bring more opportunities for Vietnamese students to study in the RoK, he added.
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