President Yoon Suk Yeol Expands Science and Technology Scholarships for Graduate Students
The Korean Government Takes Steps to Boost Competitiveness in Science and Technology
President Yoon Suk Yeol has unveiled new scholarships and support programs for graduate students in science and technology, demonstrating the government's commitment to enhancing Korea's competitiveness in these sectors. These initiatives were announced during a government-public debate that took place in Daejeon.
Presidential Science Scholarship Now Open to Graduate Students
In a significant development, the popular Presidential Science Scholarship, which was previously only available to undergraduates in science and technology, will now be extended to graduate students as well. However, it is important to note that only Korean nationals are eligible to apply for this prestigious scholarship.
President Yoon Suk Yeol emphasized that graduate students would now be eligible for the scholarship, with an average of 25 million won per year being allocated for each recipient. Additionally, there are plans to create an official scholarship to financially support graduate students engaged in research. This move is aimed at addressing a long-standing need that has existed for approximately two decades.
Allocation and Eligibility
This year, a total of 120 graduate students will be chosen to receive the Presidential Science Scholarship. Among them, 70 slots are reserved for Ph.D. students, while 50 positions are earmarked for master's students. Ph.D. students will receive a monthly stipend of 2 million won, which will be provided for up to eight semesters. On the other hand, master's students will be granted 1.5 million won per month for up to four semesters. Applicants must demonstrate a cumulative grade-point average higher than 4.0 out of 4.5 during their previous degree program.
Applications Are Now Open
Interested candidates can now submit their applications for the Presidential Science Scholarship. The first batch of scholars will be selected around the end of March, so aspiring students are encouraged to apply promptly.
Future Plans for Research Funding Scholarships
Looking ahead, the government has pledged to introduce another research-funding scholarship for graduate students in science and technology. This program is set to launch next year, and it will specifically cater to students participating in government-funded research projects. Master's students will receive 800,000 won per month, while Ph.D. students will be granted 1.1 million won.
The Young Researcher Support Program
To further support the education and professional development of graduate students and postgraduate researchers, the Ministry of Science and ICT will introduce the Young Researcher Support Program. This initiative will provide various benefits, including funding for studies and research, as well as opportunities to work on projects at universities and laboratories in Korea and abroad.
Collaboration and Funding for Research Institutes
In addition to the scholarships, the Korean government is committed to facilitating collaborations and easing restrictions on government-funded research institutes. Through the one-team plan, the government is allocating 100 billion won in funding to these research institutes for this year. This funding is expected to increase annually, thus fostering an environment that encourages innovation and research excellence.
In conclusion, President Yoon Suk Yeol's announcement of expanded scholarships and support programs for graduate students in science and technology reflects Korea's dedication to nurturing talent and boosting its competitiveness in these critical fields. With these initiatives in place, the government aims to ensure that the country remains at the forefront of scientific advancements and technological breakthroughs.
Analyst comment
This news can be evaluated as positive. The announcement of various scholarships and support programs for graduate students in science and technology shows the government’s commitment to enhancing Korea’s competitiveness in these sectors. This is expected to attract talented individuals and boost research and innovation. The market is likely to see increased investment and advancements in science and technology as a result of these initiatives.
