Hoban Contributes to Rural-Urban Win-Win Cooperation Fund in Jeju Island

[Asia Economy Reporter Chunhee Lee] Hoban Construction is donating funds to promote win-win cooperation with rural fishing villages.

Hoban Construction and the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries (Cooperation Foundation) held an event on the 10th to deliver the Rural-Fishing Village Win-Win Cooperation Fund to Jeju Province. About 10 officials, including Ko Young-kwon, Jeju Province Deputy Governor for Political Affairs, Kim Soon-chul, Secretary General of the Cooperation Foundation, and Choi Seung-nam, Vice Chairman (CEO) of Hoban Construction, attended the delivery ceremony held at the Jeju Provincial Government Office No. 1, Deputy Governor's Office for Political Affairs.

Previously, Hoban Construction donated 200 million KRW to the Cooperation Foundation for the Rural-Fishing Village Win-Win Cooperation Fund. The fund, managed and operated by the Cooperation Foundation, is based on the Free Trade Agreement (FTA) Agriculture and Fisheries Act and supports the promotion of win-win cooperation between rural fishing villages and companies that have suffered or are expected to suffer damage due to FTA implementation.

The Cooperation Foundation delivered 75 million KRW of this fund to Jeju Province on this day. Jeju Province plans to use the delivered win-win cooperation fund for building rural welfare facilities in Andeok-myeon, Seogwipo City, supporting logistics costs, and improving the environment of the fishing communities in Jungmun and Saekdal-dong.

Ko Young-kwon, Deputy Governor for Political Affairs of Jeju Province, said, "On behalf of the residents, I thank the Hoban Construction officials for practicing noblesse oblige," and added, "I hope this will be a great force to overcome the crisis in rural fishing villages and revitalize the local economy."

Choi Seung-nam, Vice Chairman of Hoban Construction, said, "Hoban Group, including Hoban Construction, continues to support overcoming COVID-19 and co-prosperity," and added, "We will make further efforts to support the development of rural fishing villages in the Jeju area, including this fund donation." Kim Soon-chul, Secretary General of the Cooperation Foundation, also said, "Hoban Construction's fund donation is a great help in supporting Jeju's rural fishing villages and farmers and fishermen," and added, "I hope other companies voluntarily participate to revitalize rural fishing villages."

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