POSCO, Together with Neighbors! Donates 10 Billion Won for Neighborly Love Fundraising

[Asia Economy Reporter Hwang Yoon-joo] On the 14th, POSCO donated 10 billion KRW in year-end neighbor love funds to support neighbors who need warm help more than ever due to the prolonged COVID-19 pandemic and the normalization of social distancing.

This donation included 8 billion KRW from POSCO, 400 million KRW each from POSCO International, POSCO Engineering & Construction, POSCO Energy, and POSCO Chemical, 200 million KRW from POSCO ICT, and 100 million KRW each from POSCO M-TEC and POSCO Terminal, with group companies participating together.

Since 1999, POSCO has participated as a sharing partner of the Community Chest of Korea, and since 2004, it has expanded participation to POSCO group companies, accumulating a total donation of 162 billion KRW to date.

The donation will be delivered to the Community Chest of Korea and will be widely used to support socially vulnerable groups such as children, adolescents, the disabled, and multicultural families, as well as to address community issues by reflecting low-carbon and eco-friendly trends, including carbon neutrality and marine environment protection projects.

A POSCO official said, "This year, due to the prolonged impact of COVID-19 and the continued strengthening of social distancing, neighbors in difficult circumstances are having an even harder time. We hope POSCO’s sharing activities will bring warm love and hope to the local community."

In addition, POSCO will conduct a small year-end untact sharing program called ‘1% My Little Charity’ using donations from the POSCO 1% Sharing Foundation, which is operated by employees donating 1% of their salaries to help increase the warmth of sharing.

‘1% My Little Charity,’ meaning ‘My Small Charity,’ is a program where about 33,000 POSCO group employees each donate 30,000 KRW online to 150 social welfare facilities. The program will be conducted from December 8 to 24 in collaboration with Naver Happy Bean.

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