Columbia Business School (CBS) has announced four two-year, full-tuition fellowships open to international students entering in August 2014. Announced late month, the Dong-Bin Shin Fellowships will be awarded, one each, to students from four different regions: the Middle East or Africa, Europe, Latin America and South Korea. Applications are due by January 6, 2014.
The fellowships are named for CBS alumnus Dong-Bin Shin ’81, chairman of the Lotte Group, a diversified company based in South Korea and Japan that includes more than 70 companies across a range of industries. Shin, who also serves as a member of the CBS Board of Overseers, recently made a $4 million gift to the school, part of which will support the fellowships.
To be eligible for the Dong-Bin Shin Fellowships, students must have excellent academic backgrounds and demonstrate financial need.
Marilena Botoulas, CBS director of financial aid, stressed the importance of the new awards. “Fellowships have an immediate and tangible impact — they help us attract and reward the most outstanding and diverse students to campus,” she said in a statement. “They also provide vital financial support for those in need.”
In addition to his generous donation and his service on the Board of Overseers, Shin has supported CBS in a number of other ways, including hosting and sponsoring the Chazen Institute’s annual Study Tour to South Korea for several years. CBS’s new Manhattanville facilities will feature a “Dong-Bin Shin ’81 and Lotte Classroom” in recognition of his generosity.