Hyundai Motor Group Collaborates with SOAS to Empower African Students through New Scholarship Initiative

Hyundai Motor Group Expands Educational Opportunities for African Talent

Hyundai Motor Group has recently entered into a transformative partnership with SOAS University of London, aiming to nurture African talent through the establishment of a new scholarship program. The Group's initiative includes a generous donation of £1.5 million, which will support 25 students from Africa in pursuing master's and doctoral degrees at SOAS. This partnership not only facilitates academic advancement for these students but also underscores a commitment to fostering sustainable development across the African continent.

The newly introduced Hyundai Motor Group Scholarship will be awarded annually starting from 2025 and is designed specifically for deserving students hailing from Africa. This scholarship will provide essential financial aid covering tuition and living expenses, thus alleviating some of the barriers to advanced education that many students face. In addition to financial support, recipients will gain access to various professional development opportunities including events and seminars focused on sustainable development in Africa.

One of the key components of this initiative is the creation of the Development Leadership Dialogue (DLD) Institute and the Centre for Sustainable Structural Transformation (CSST). The DLD serves as a critical forum where leaders in the development community can discuss and collaborate on important issues affecting the continent. In parallel, the CSST is dedicated to researching structural transformation, especially in the context of the climate crisis that poses significant challenges for Africa's future.

Hyundai Motor Group is actively seeking to create a model of collaboration that facilitates a deep understanding of Africa, as articulated by Heung-Soo Kim, Executive Vice President and the head of the Global Strategy Office at Hyundai. He emphasized the Group's commitment to nurturing the next generation of African leaders, underlining the importance of education in promoting sustainable development and empowering local communities. This scholarship program is a step forward in preparing young leaders who can drive positive change within their regions.

Furthermore, the partnership will also feature a Junior Internship Program that will provide selected SOAS students with global business experience. These internships, located in Seoul, South Korea, will allow students to gain firsthand insight into the workings of an international corporation, thereby enhancing their skills and career prospects.

As part of this initiative, scholarship recipients will have the chance to engage with various experts and stakeholders from Hyundai Motor Group, enriching their learning experience beyond the classroom. This holistic approach aims to equip students not only with academic knowledge but also with practical skills needed in today's global environment.

Through this collaboration, Hyundai Motor Group and SOAS University of London are not only investing in individual students but are also contributing to the broader goal of sustainable development in Africa. By empowering young minds, they are laying the groundwork for a resilient and capable leadership cadre that will tackle the challenges of tomorrow.

This initiative reflects Hyundai Motor Group's ongoing commitment to corporate social responsibility and education in underrepresented regions, aligning with global efforts to ensure that the benefits of higher education are accessible to all, regardless of background. The launch of the Hyundai Motor Group Scholarship marks a significant milestone in the Group's strategy to foster positive social impact through education and collaboration.

For further information, visit Hyundai Motor Group and discover more about their efforts in promoting educational opportunities and sustainable development.