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UK Embassy, FSS Sign MOU on Education
UK Ambassador Warwick Morris and FSS Gov. Yoon Jeung-Hyun pose with others after signing a MOU on education partnership.

On Thursday 1 June, 2006, Gov. Yoon Jeung-Hyun of the Financial Supervisory Service (FSS) and the British Ambassador to Seoul Warwick Morris signed a Memorandum of Understanding in the field of education partnership at the British Ambassador's Residence, Seoul.

The two partners have decided to establish a jointly funded scholarship programme, under the auspices of the Foreign & Commonwealth Office's Chevening Scholarship scheme. The programme will enable FSS staff members to study for post-graduate qualifications in the UK. Up to two scholarships will be awarded each year.

British Ambassador Warwick Morris said:

"I am delighted to launch this scheme with Governor Yoon of the FSS to help more outstanding FSS employees to study in the UK. This new Chevening Scholarship programme will allow the scholars to benefit from the UK's world-class academic facilities and help consolidate both the UK and Korea's long-term interests in financial services regulation"

Two FSS employees — Mr Lee Hoon and Ms Lee Sang-ah — have already been awarded FSS Chevening Scholarships for the academic year 2006-07 and will be leaving for the UK this summer.

FSS Governor Yoon Jeung-Hyun said:

"I am pleased that the staff members of FSS are given this wonderful opportunity in cooperation with Ambassador Morris. This will contribute to our staff's deep understanding of the well-developed financial system in the U.K. as well as improve their supervisory expertise. Furthermore, there is no doubt the joint scholarship programme will strengthen the relationship between the two countries."

Photo reporters are invited to attend but for further information should contact Youngmee Riew, British Embassy Marketing/ Media Officer, Tel: 02 3210-5564, Mobile phone: 010-6241-5502

Chevening Scholarships (named after the official residence of the British Foreign Minister) provide tuition fees for postgraduate study in the UK. The Chevening Scholarships are part of a world wide scholarship scheme funded by the British Government. Scholarships are awarded in a wide range of fields including politics and international relations, economics, law, journalism, science and technology, business, social studies and the environment. Candidates should have at least a few years' work experience.

The British Embassy sends around 40 Chevening Scholars to the UK each year, many through partnerships with companies and government partners. In addition to the agreement with the FSS the Embassy also has partnerships with; the Ministry of Science and Technology; the Korea Press Foundation; the Ministry of Finance and Economy; the Financial Supervisory Service; and the Bank of Korea.

The above photo was taken Ann SK Lee, staff reporter of The Seoul Times.






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