KAMCO Announces 'Social Contribution Promotion Plan'... Focus on Overcoming COVID-19 and Revitalizing Local Economy
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 16th that it will carry out social contribution activities through the establishment of the '2021 Social Contribution Promotion Plan.'
This year, KAMCO set its social contribution promotion goal as 'KAMCO creating hope through respect for people and inclusion of society,' and plans to newly promote programs that contribute to overcoming the COVID-19 crisis and revitalizing the local economy. Projects that received high beneficiary satisfaction last year will be expanded.
The activities will be promoted in three categories: Hope Sharing type, Job Support type, and Community-based type. The Hope Sharing type projects support the learning and growth of multicultural families, children, and youth. They invite parents from multicultural families for cultural experiences and health checkups, and provide basic learning ability improvement and family relationship recovery programs for children and youth.
The Job Support type helps nurture local talent through 'University Student Employment Job-i' and 'University Student Capacity Building Network (BUFF),' and supports the independence of social economy enterprises and youth startups through programs such as the 'Busan Social Economy Support Fund (BEF)' and 'Narakium Social Venture Hub.'
Additionally, as a Community-based project, social contribution activities linked to KAMCO’s unique businesses will be introduced, such as creating smart care farms utilizing idle national land and generating business models using Onbid.
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Moon Sung-yoo, President of KAMCO, emphasized, “Creating and practicing social value is the fundamental role and mission of public institutions,” and added, “This year as well, KAMCO will expand ESG management and continue sharing activities in line with inclusive finance policies.”
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