Hyundai Motor Group Actively Engages in Customized Social Contributions to Overcome COVID-19

[Asia Economy Reporter Kiho Sung] Hyundai Motor Group is transforming into a company that gives hope to local communities and residents through active social contribution activities.

Hyundai Motor Group delivered medical supplies and support funds worth a total of 15 million yuan (approximately 2.53 billion KRW) to China in response to the novel coronavirus infection (COVID-19). In February, it allocated funds worth 1 trillion KRW to small and medium-sized parts suppliers struggling with management difficulties due to COVID-19, and at the end of the same month, it donated 5 billion KRW to the National Disaster Relief Association. Additionally, Hyundai Motor Group supports cash and relief and quarantine supplies, as well as prevention and quarantine activities, targeting disaster-vulnerable groups, medical staff, and victims nationwide. It provides preventive items such as thermometers, hand sanitizers, and masks to low-income groups and self-quarantined individuals who have been severely affected by the economic downturn. The group plans to assist medical staff in purchasing quarantine supplies and ensure that prevention and quarantine measures are carried out appropriately.

Along with this, Hyundai Motor Group and the National Disaster Relief Association are focusing on early implementation of visiting quarantine services centered on the Daegu and Gyeongbuk regions and timely supply of quarantine supplies and daily necessities.

Hyundai Motor Group has actively participated in overseas large-scale disaster relief activities, including donations and supply of daily necessities, in response to major disasters such as the 2008 Sichuan Earthquake in China, the 2009 Haiti Earthquake, the 2010 Chile Earthquake, the 2011 U.S. Tornado, the 2013 Philippine Typhoon, the 2017 Peru and Colombia heavy rains, the 2018 Laos floods, and the 2018 Indonesia earthquake and tsunami.

In February 2016, Hyundai Motor Group announced a mid- to long-term vision called "A True Partner for the Future" and has been conducting new social contribution projects along with establishing an integrated group social contribution system. Based on this, it aims to invest a total of 34 billion KRW over five years until 2022 to focus on ▲supporting social enterprises at each growth stage ▲fostering job-creating social enterprises ▲building reemployment job creation models ▲supporting small business startups, with a goal of creating 3,000 new jobs.

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