The American Chamber of Commerce in Korea raised a record 175 million won ($130,900) in scholarship funds at its annual charity event in Seoul on Tuesday, the organization said Wednesday.
Held at Conrad Seoul, the 19th CEO Servers’ Night brought together 44 CEOs and senior executives who traded their usual roles for serving duties, waiting on some 440 guests to raise money for university students facing financial hardship.
The total was up 17 percent from last year's 150 million won, while the number of volunteer executives increased from 41 to 44.
“This year’s record fundraising reflects our business community’s commitment to investing in the next generation,” said AmCham Chairman and CEO James Kim.
“Through the Partners for the Future Foundation, we will continue helping students overcome financial barriers and pursue their education with confidence,” he added.
The event was organized by AmCham’s Partners for the Future Foundation, established in 2000 as the chamber's charitable arm.
The foundation has awarded scholarships to more than 5,000 university students, supporting about 200 annually. It also runs job training and internship programs for families affected by unemployment.
Proceeds from this year's event will fund scholarships for financially disadvantaged university students, AmCham said.
yejinlim@heraldcorp.com
