POSCO-India offers scholarships for Indian Students 50% of the scholarships, grant and fellowships goes to Orissa Scholarships for 60 students, Research Grant for 2 scholars Fellowship to 5 Indian students in Korea Bhubaneswar, June 15, 2006: POSCO-India, the Indian subsidiary of the fourth largest steel manufacturer in the world today announced a series of scholarships and grants for meritorious students from leading universities from Orissa and other parts of India to encourage research, aid higher education and promote academic collaboration between India and Korea.  The initiative, which includes various programmes on Scholarships, Research Grants and Fellowships, will be awarded to students from India by the POSCO TJ Park Foundation. This programme will see scholarships being given to about 60 students, research grant to 2 scholars and fellowships to 5 Indian students in Korea.  The scholarships and grants are one of POSCO-India’s initiatives in making significant contributions to the community in which they live and work. This is truly reflected in the fact that about half of the beneficiaries of the programmes are the students from Orissa. This is a long-term commitment made by POSCO-India so that the maximum number of students benefit from this project.  Speaking on the occasion, Mr Soung-Sik Cho, Chairman cum Managing Director POSCO-India said, “At POSCO we believe in encouraging excellence and leadership through education. POSCO-India will provide scholarships and grants to exceptional individuals from leading Indian universities with the aim to nurture leaders and help build global knowledge.”  60 meritorious students from India will be selected for The POSCO TJ Park Scholarship Programme from the various institutes in Orissa and Delhi and they will receive an annual grant of USD 500 to be paid in a single installment. 50% of the total students will be from various reputed institutes of Orissa. Of the 30 students in Orissa 15 will be from Utkal University, 7 from KIITS Deemed University and 8 from Biju Pattnaik University of Technology. 20 students from Delhi University (DU), and 10 students from Jawaharlal Nehru University (JNU) will be recommended for the scholarship. The number of scholarships is likely to double up from 2007 onwards.  The two research scholars selected under the POSCO TJ Park Foundation Research grant for Asian Studies are from Utkal University in Orissa and from Delhi University. A research grant of up to 10,000 USD will be accorded per thesis to these scholars. They have been selected by the Foundation and POSCO Research Institute as part of 20 research scholars to be selected from across Asia for various research projects.  Fellowship for two-year Masters Programme in Graduate School of International Studies (GSIS) is the third programme under which 5 students have been awarded fellowships at one of the top Korean universities. The five students include two from Utkal University, two students from JNU and one from Delhi University. The fellowship covers full tuition fees and an annual stipend of 12 million Korean won (approx 12,000 USD). The annual fellowship is renewable for the duration of the student’s study in the master’s programme at the Korea University- GSIS, conditional on satisfactory performance.  About POSCO TJ Park Foundation POSCO TJ Park Foundation is an independent and non-profit organization fully funded and supported by POSCO. The Foundation has been engaged in activities to further the cause of advancement of society across Asia. The various programmes run by the Foundation provide outstanding Asian universities with financial support for student scholarships and other related academic activities. About POSCO Founded in 1968 and headquartered in the southeastern port city of Pohang in Korea,POSCO operates two of the world’s premier steel works--the Pohang and Gwangyang works. The Pohang works produces crude steel of 13 million tons and specializes in small-lot production of a broad range of products, including hot rolled and cold rolled sheet, plate, wire rod, electrical steel, and stainless steel. The Gwangyang works focuses on mass-production of limited high-demand products such as hot and cold rolled sheet and produces crude steel of 17 million tons. POSCO’s products are shipped to over 60 countries around the globe, satisfying some of the world’s most quality-sensitive customers.