Korean steel giant grants scholarships to 10 KU students


Karachi University (KU) and POSCO TJ Park Foundation signed an MOU to grant fellowships to outstanding students of KU. The MOU was signed during a ceremony held at KU and POSCO under POSCO Asia Fellowship’s head awarded the first batch of fellowships on Saturday.
POSCO TJ Park Foundation; global steel giant decreed fellowships for 300 students from 19 universities in 10 Asian countries such as China, Vietnam, India, Mongolia and Thailand. The company’s Community Social Responsibility (CSR) department is drafting a strategy to extend scholarships to 2,685 students from 36 universities enrolled in 12 Asian countries.
Yesterday, POSCO awarded scholarships worth USD 500 per each to 10 undergraduate students of KU. POSCO J Park Foundation executive vice president Mr Lee, Woo-In on the occasion said that
“It is our great honor and pleasure to initiate POSCO Asia Fellowship this year between the University of Karachi and the POSCO TJ Park Foundation established by POSCO that has invested 15 million dollars equity in construction of TSML (Tuwairqi Steel Mills Limited) in Karachi and is going into commercial production within few days. I believe our efforts today will be a milestone to enhance mutual understanding and co-prosperity between Pakistan and Korea.” Consul General of the Republic of Korea in Karachi Mr H E In-ki LEE was also present on the occasion and addressing the gathering said that “Pakistan is a country with a population of around 180 million, rich with natural resources and loaded with dexterous manpower; enough recipe for a nation to make it to the top. Pakistan and South Korea have a lot in common, be it socio politics or cultural aspects. The two countries have rich cultural legacies, a treasure of knowledge, experience and acumen acquired over millennia. Pakistan and Korea enjoy deeply enrooted friendly relations since more than six decade”.
Tuwairqi Steel Mills Limited , Director Projects Zaigham Adil Rizvi congratulated the students who secured scholarships, lauded the initiative of POSCO TJ Park Foundation and appreciated the role of H.E. In-ki LEE, in facilitating the initiative. Zaigham said that “in the early years of independence Koreans were ranked as one of the poorest nation of the world with a per capita income of 63 US dollar. Today, Korea has become the 7th largest exporter in the world with a per capita income of UD$ 22,000 and Nominal GDP mounting above US$ 1.5 trillion in 2011”. Zaigham urged Pakistani students to seek inspiration from Koreans, learn their arts of trade and facilitate socio-economic development of the country.
KU, Vice-Chancellor Prof Dr Muhammad Qalser concluded that session by congratulating students who were awarded the fellowships and lauded POSCO TJ Park Foundation and Tuwairqi Steel Mills for financing deserving students.
POSCO has been rewarding individuals and organizations who maintain distinctive records in the categories of science, education, community development and philanthropy since 2007.


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