POSCO Energy Supports Treatment Costs for Pediatric Cancer Patients

Donation of 50 Million KRW for Pediatric Cancer Treatment Funded by 1% Sharing Fund with 100% Employee Participation

[Asia Economy Reporter Hwang Yoon-joo] POSCO Energy (President Jeong Ki-seop) has provided medical expense support for children with pediatric cancer from low-income families near its business sites.

On the 28th, Jeong Ki-seop, President of POSCO Energy, and Hwang Seok-hyun, Chairman of the Energy Council and employee representative, visited the Korea Leukemia Children's Foundation located in Seongbuk-dong to deliver 50 million KRW in medical expense support for pediatric cancer patients.

The pediatric cancer patient medical expense support project utilizes the 1% Sharing Fund, which is raised by employees donating a fixed amount from their monthly salaries. The Workers' Council, an employee representative body, proposed supporting future generations as the use of the donations, and since 2014, POSCO Energy has supported pediatric cancer patients for seven years. Approximately 100 million KRW is raised annually through the 1% Sharing Fund, and POSCO Energy uses this fund to support pediatric cancer patient medical expenses and educational support projects for local children's centers.

So far, 210 million KRW has been donated for pediatric cancer treatment, benefiting a total of 19 children. The Korea Leukemia Children's Foundation presented a plaque of appreciation to POSCO Energy for supporting pediatric cancer patient medical expenses over seven years.

In South Korea, about 1,400 new pediatric cancer patients are diagnosed annually. Due to the high cost of treatment, many recipients face financial difficulties, making support urgently needed.

POSCO Energy has established support for future generations as a representative social contribution project to practice its corporate citizenship management philosophy and plans to continue supporting pediatric cancer patient medical expenses in the future.

Jeong Ki-seop, President of POSCO Energy, said, "I was very pleased to hear the news of a child who safely received treatment and was discharged in good health with the fund collected from the warm hearts of POSCO Energy employees last year," adding, "Although everyone is going through a difficult time due to COVID-19, I hope our help becomes a small hope for pediatric cancer patients with weakened immunity and their families."

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