KICB Kwang Young Choi Scholarship Awarded
In September 2024, KICB established scholarship named after Kwang Young Choi, CEO Founder of KICB, for 2nd-4th year students of higher educational institutions in Kyrgyzstan in order to support young people aged 16 to 24 years, aimed at covering the cost of education.
The Bank aims to support talented young people by providing them with the opportunity to obtain secondary and higher education and acquire the desired profession. Among the scholarship holders are students of such specialties as: “International Finance”, “Finance and Credit”, “Internet Technologies and Management”, “Clinical Psychology”, “Applied Mathematics and Computer Science”, “Dentistry”, “Accounting”, etc. The scholarship is provided to citizens of Kyrgyzstan to pay for tuition for one academic year in educational institutions of the country with a total amount of more than 870,000 KGS, to 16 scholarship holders in 9 different universities of Kyrgyzstan from 1 to 4 years of study.
KICB is one of the first banks in Kyrgyzstan to firmly adhere to the principles of corporate social responsibility and sustainable development.
Soon, there will be a meeting of the young student winners of the competition with Bank’s Members of Management and other scholarship holders to get acquainted with the bank, its history and values. This scholarship will be permanent and will support young people in achieving their goal of obtaining higher education and their dream specialty. Also, this will be a good basis and example for many other large companies in the country.
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Kwang Young Choi is an outstanding financier, the first Chairman of the Board of KICB from 2001 to 2019. Mr. Kwang Young Choi was not only a brilliant financier, but also an inspiring leader who trained generations of professional bankers. While leading KICB for almost 20 years, thanks to his knowledge and vast experience, he was able to make KICB one of the leading players in the financial market of Kyrgyzstan, a symbol of stability, reliability and innovation. After graduating from the College of Commerce of Sogang University in Seoul (Korea), he began his banking career in Korea Exchange Bank (KEB) and worked there for almost 20 years, including in offices in the USA and England.