The Jihoon Rim Scholarship offers $5,000 to 20 undergraduate students of Korean heritage. In addition to the financial support, awardees will receive mentorship from Jihoon Rim, Professor at New York University Stern School of Business and former CEO of Kakao Corp., as well as networking opportunities with fellow recipients. The scholarship will be formally presented at a reception for the current year's scholarship recipients. Furthermore, awardees will have the opportunity to join annual regional gatherings held in New York, Boston, and Washington D.C., designed for alumni to come together and foster lasting friendships.