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$10,000 Scholarships: Jihoon Rim Foundation Reunion Brings Together Al…

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Scholarship recipients of the Jihoon Rim Foundation pose for a group photo at the annual reunion held in New York on September 19, 2026. This year's event was attended by 50 of the 70 total scholars selected by the foundation since 2023. (Photo=Courtesy of Jihoon Rim Foundation)
Scholarship recipients of the Jihoon Rim Foundation pose for a group photo at the annual reunion held in New York on September 19, 2026. This year's event was attended by 50 of the 70 total scholars selected by the foundation since 2023. (Photo=Courtesy of Jihoon Rim Foundation)
(Boston=Boston Korea) Editorial Team. = The Jihoon Rim Foundation held its annual scholarship reunion on September 19 at The Modern in Manhattan, New York. The foundation, which now awards $10,000 to each of the 20 scholars selected annually, has provided scholarships to approximately 70 students since 2023. This year's event drew 50 of the foundation's 70 scholarship recipients. With scholars scattered across universities throughout the East Coast, some students traveled four to six hours to attend the New York gathering. This year's reunion marked a notable shift. As the foundation's early scholarship recipients began graduating and moving on to careers and graduate programs, they returned to share their experiences with younger cohorts.

Five alumni scholars presented on their diverse career paths—including positions at the Federal Reserve, finance, software engineering, law school, and medical school—sharing the processes that led to their choices and lessons learned along the way.

The event also highlighted cases where connections among scholars directly influenced career decisions. One scholar, who had received an offer from a strategic consulting firm, spoke with another scholar working at the Chicago Fed and became interested in a career path she had not previously considered in depth. She later accepted an offer from the Federal Reserve Bank of Boston, where she currently works.

Professor Jihoon Rim emphasized to the scholars that "success involves a significant element of 'luck' beyond individual control, making it important to meet people from diverse backgrounds and experiences."

"While we cannot create luck itself, I believe that meeting people with varied experiences increases the chances of encountering good fortune," Rim said.

The Jihoon Rim Foundation began in 2023 with 10 scholars and has grown to a community of 70 scholarship recipients, selecting 20 Korean-American college students each year. Starting with the 2026 cohort, the foundation awards $10,000 per scholar. The application announcement for next year's scholarships is scheduled for late October. Following this reunion, Professor Rim shared on social media, "It was truly fulfilling to see what I imagined a few years ago gradually becoming reality. I'm already excited imagining when these scholars number in the hundreds, gathering together and naturally sharing their experiences."

Professor Rim, who previously served as CEO of Kakao, teaches technology management and entrepreneurship at NYU Stern School of Business.

[email protected]

This article was translated from the Korean original with the assistance of AI and reviewed by Boston Korea editors.
Original Korean article: https://bostonkorea.com/bbs/board.php?bo_table=news&wr_id=46658


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