POSCO Chemical Supports Local Youth's First Social Steps with Didim Seed Savings Account

Annual Support of 60 Million KRW for 100 Local Youth's Self-Reliance Funds... 1:1 Matching Support with Government

[Asia Economy Reporter Hwang Yoon-joo] POSCO Chemical, which practices the corporate citizenship management philosophy through community-based social contribution activities, is newly starting support for Didim Seed Bank to help local youth enter society.

POSCO Chemical will support a total of 60 million KRW over one year from this month to February 2022 for 100 children selected through recommendations from employees and the local community in Pohang and Gumi, Gyeongbuk, and Gwangyang, Jeonnam. Each recipient will have 50,000 KRW deposited monthly into their account, and the government will provide an additional matching amount, resulting in 1.2 million KRW accumulated in the account after one year.

Didim Seed Bank is an asset-building support program operated by the government to help vulnerable youth prepare initial costs for social advancement. Private sponsors and the government provide 1:1 matching support, and the operation is managed by the Child Rights Protection Agency under the Ministry of Health and Welfare.

The funds for sponsorship are sourced from the "1% Sharing Fund" contributed by POSCO Chemical employees, and the accumulated funds can be used when the recipient reaches 18 years old for ▲tuition ▲housing ▲wedding expenses ▲start-up costs, supporting independence and smooth social entry.

POSCO Chemical continues social contribution activities to fulfill its role as a corporate citizen and promote mutual growth with the community, including self-reliance through education and support for food, clothing, and shelter in Pohang, where its headquarters is located, and other local communities.

In addition to Didim Seed Bank, POSCO Chemical is conducting various social contribution activities for the local community, such as the win-win type kiln artisan training program operated since last year to support employment and independence of local youth, the social enterprise Laundry Coffee established for self-sufficiency of migrant women and persons with disabilities, and Food Charging Station providing food supplies to low-income groups.

A social contribution officer at the POSCO Chemical Corporate Citizenship Office said, "We are providing customized support by social class to overcome current difficulties and lay the foundation for independence," adding, "We will expand various corporate citizenship practices to grow together with the local community."

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