Hyundai Motor Group Launches Scholarship for African Students

Hyundai Motor Group Establishes Scholarship Partnership

Hyundai Motor Group is taking significant strides in cultivating talent from Africa through a groundbreaking partnership with SOAS University of London. This collaboration is focused on fostering a profound understanding of the African continent while promoting sustainable development. These initiatives emphasize Hyundai's commitment to global education and collaboration, showcasing their dedication to nurturing future leaders in Africa.

Introducing the Hyundai Motor Group Scholarship

At the heart of this partnership is the newly established 'Hyundai Motor Group Scholarship.' This timely initiative broadens the collaborative efforts of both organizations to empower the next generation of scholars from Africa. Each year, 25 talented master's and doctoral students will be granted scholarships to further their education at SOAS, thanks to a generous £1.5 million donation from Hyundai Motor Group.

Scholarship Benefits and Global Opportunities

Recipients of the Hyundai Motor Group Scholarship will benefit not only from financial support but also from participation in various events and seminars hosted by the Group. These activities will center around critical themes such as sustainable development and global collaborations, allowing scholars to engage with industry leaders and gain valuable insights.

Internship Program for Practical Experience

In addition to the scholarship, Hyundai Motor Group will also launch a Junior Internship Program aimed at offering SOAS students the opportunity to gain global business experience. This initiative presents a unique chance for students to work in Seoul, providing a significant boost to their professional career paths while fostering international collaboration.

Launch of the DLD Institute and CSST

As an initial step in this partnership, Hyundai Motor Group and SOAS are setting up the Development Leadership Dialogue (DLD) Institute. This forum will facilitate discussions among leaders in the development community, emphasizing the importance of addressing pressing issues on the African continent. Additionally, the Centre for Sustainable Structural Transformation (CSST) will be established as a research hub dedicated to exploring structural transformations necessary in the face of the climate crisis.

A Commitment to Future Generations

Starting in 2025, the Hyundai Motor Group Scholarship will be awarded annually to five students from Africa. Each scholar will receive extensive support aimed at covering tuition and living expenses. Furthermore, upon graduating, these scholars will be invited to join networking events and seminars that immerse them in the Group's initiatives, reinforcing the partnership aimed at fostering the growth of changemakers in Africa.

Quote from Hyundai Leadership

Heung-Soo Kim, the Executive Vice President and head of the Global Strategy Office at Hyundai Motor Group, emphasized the importance of understanding Africa. He noted, "Hyundai Motor Group has established the DLD and CSST in collaboration with SOAS to gain a fundamental understanding of Africa and is seeking a collaboration model for a desirable future on the continent. This scholarship program is part of our commitment to nurturing the next generation of leaders who will drive sustainable development in Africa."

Frequently Asked Questions

What is the purpose of the Hyundai Motor Group Scholarship?

The scholarship aims to support master's and doctoral students from Africa, enhancing their education at SOAS and promoting sustainable development.

How many students will receive scholarships each year?

Each year, 25 students will be awarded the scholarship to pursue their studies at SOAS University.

What additional opportunities come with the scholarship?

Scholarship recipients will participate in seminars and events, gaining networking opportunities and insights into global collaboration.

Where will the internship program take place?

The Junior Internship Program will provide practical experience for students in Seoul, South Korea.

When will the scholarship program officially start?

The scholarship program is set to launch in the first half of 2025, with the first recipients selected that year.

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