Taekwang Group Launches Warm Social Contribution Activities to Overcome COVID-19

[Asia Economy Reporter Hwang Yoon-joo] Taekwang Group is engaging in various activities across its affiliates to help overcome the national difficulties caused by the novel coronavirus infection (hereinafter COVID-19). These activities include participating in the Good Rent Movement, blood donation, delivering quarantine supplies, and volunteering as companions for elderly people living alone.

Since March, Taekwang Group has been participating in the 'Good Rent Movement,' reducing rents by 30% for small business owners and SMEs located in affiliate buildings for three months. In the Daegu and Gyeongbuk regions, the rent reduction is 70% without a monthly cap. Especially as COVID-19 has prolonged, the previously announced monthly cap has been raised from 1 million KRW to 2 million KRW.

Financial affiliate Korea Savings Bank held blood donation events on the 8th at its headquarters (Busan Jwacheon-dong) and central branch (Busan Jungang-dong) to address blood shortages caused by a decrease in donors due to COVID-19, with employees participating. Due to the prolonged COVID-19 situation, blood donation events will be held once every two months for the time being. Additionally, in March, the bank supported building disinfection and hand sanitizers for vulnerable users at the Busan Dong-gu Senior Welfare Center and Dong-gu Disabled Welfare Center, which are regular volunteer activity institutions.

Textile and petrochemical affiliate Taekwang Industrial donated 10 million KRW to Jung-gu Office on the 13th to support hygiene and quarantine supplies for 600 vulnerable households in Jung-gu, Seoul. Infrastructure and leisure affiliate TRN also delivered 2,000 hand sanitizers to Jung-gu Office for underprivileged local groups, and Yegaram Savings Bank supported 300 hand sanitizers to Happy Lunchbox, a social enterprise, to aid families with children in need in the Gwanak area of Seoul.

Infrastructure and leisure affiliate TCIS has been conducting the 'Love Connecting Phone' program with the Comprehensive Support Center for Elderly Living Alone since July last year. This volunteer activity involves checking on the safety and well-being of elderly people living alone and providing companionship. As COVID-19 prolongs and social isolation among elderly living alone worsens, the Nanum Angel Volunteer Group regularly checks on their well-being.

Financial affiliate Heungkuk Life Insurance is conducting a volunteer activity until the end of April where employees personally make and donate masks. All employees of Heungkuk Life Insurance are making masks in adult and children’s sets to be delivered to grandparent-headed and single-parent families in welfare blind spots in the Daegu and Gyeongbuk regions. Additionally, Heungkuk Fire & Marine Insurance, to revitalize small business owners and local markets affected by COVID-19, gave Onnuri gift certificates as employee gifts on its founding anniversary in March.

A Taekwang Group official said, "Although it is a small practice, we will continue to strive to realize the social value of the company by supporting various welfare blind spots in line with the group’s social contribution slogan, ‘Warm Light.’"

This content was produced with the assistance of AI translation services.