KNOC funds study in science, engineering

KNOC offers scholarships to science and engineering students.

Korea National Oil Corporation builds its future by investing in children and young adults. It offers scholarships to teens interested in natural sciences and engineering, and to studious ones from economically vulnerable families. It aims to encourage them to pursue studies relevant to the company’s business, especially oil development.

One of its grant ceremonies took place at Anyang headquarters on April 5 to recognize high school students. One to two students from 83 schools were nominated from 10 municipalities with KNOC branches, and a total of 115 were selected. Each will receive 2 million won ($1,745) annually until graduation.

It also offers grants to children in elementary and middle school as well as undergraduate and graduate students who major in oil engineering and geology. Families of employees also help to expand the company’s social responsibility efforts to a wide range of social groups such as multicultural and low-income families in rural areas. Earlier this year, the company began encouraging family members to join community service projects. A group of wives visited a nursing home in Ulsan yesterday and befriended lonely residents by helping them eat and move around.