KB Kookmin Card Supports Vulnerable Groups by Purchasing Products from Social Enterprises

On the afternoon of the 25th, at the KB Kookmin Card headquarters in Jongno-gu, Seoul, Lee Dong-cheol, President of KB Kookmin Card (center), is presenting a donation of 200 million won to support social enterprises and vulnerable groups to Park Doo-jun, Executive Director of the social welfare corporation "Children and Future Foundation" (left), and Kim In-seon, President of the "Korea Social Enterprise Promotion Agency" (right) at the "Support Ceremony for Social Enterprises and Vulnerable Groups to Overcome COVID-19."

[Asia Economy Reporter Oh Hyung-gil] KB Kookmin Card announced on the 26th that it will carry out a multi-party collaborative social contribution activity by purchasing health, hygiene, and education-related products produced by social enterprises struggling due to the novel coronavirus infection (COVID-19) and supporting children from vulnerable groups.

KB Kookmin Card signed a "Business Agreement to Support Social Enterprises and Vulnerable Groups" at its headquarters in Jongno-gu, Seoul, and delivered a sponsorship fund of 200 million KRW.

This sponsorship represents an evolution from simple support for vulnerable groups to supporting social enterprises. It aims to create greater social value through collaborative social contribution activities that help stabilize employment and economic independence for vulnerable groups and support those in need of social attention and care with products produced by these enterprises.

The sponsorship funds delivered on this day will be used to purchase quarantine supplies such as masks and disinfectants, as well as school supplies and nutritional foods, from 15 social enterprises employing socially vulnerable groups including people with disabilities, whose sales have declined due to the impact of COVID-19, selected by the Korea Social Enterprise Promotion Agency.

The purchased items will be packaged as gift boxes and delivered to about 5,000 children and adolescents belonging to 200 regional children's centers nationwide that are blind spots for care, through the social welfare corporation "Children and Future Foundation."

A KB Kookmin Card official stated, "This sponsorship is meaningful in that it presents a new collaborative model of social contribution activities that support social enterprises struggling due to the impact of COVID-19 to promote employment stability for vulnerable groups and simultaneously support children who need social attention and care. We plan to continue our interest and support so that children and adolescents can grow into healthy members of society and overcome COVID-19 wisely."

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