POSCO Terminal Contributes 200 Million KRW to Rural Coexistence Cooperation Fund

[Asia Economy Reporter Hwang Yoon-joo] POSCO Terminal will contribute 200 million KRW to the Rural Community Coexistence Cooperation Fund through the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries.

POSCO Terminal announced on the 14th that it held a signing ceremony at the cooperation foundation's conference room with representatives and officials from both sides in attendance.

This contribution was made as part of POSCO Group’s corporate citizenship management philosophy, which leads efforts to solve social issues, and to practice ESG (Environmental, Social, and Governance) management. POSCO Terminal extended a helping hand to low-income rural households in local communities recently affected by floods and COVID-19 hardships.

The 200 million KRW contributed by POSCO Terminal, headquartered in Gwangyang, the affected area, will be directly used to support rural communities and farmers and fishermen in the Gwangyang and Pohang regions, which suffered significant damage from recent typhoons and prolonged monsoon rains. 100 million KRW will be used to purchase agricultural, livestock, and marine products from the disaster areas and supply them to low-income rural households in the region, while the other 100 million KRW will be entrusted to the cooperation foundation in the disaster areas to be prioritized for urgent issues such as housing and market restoration in the Gwangyang and Pohang regions.

Kim Bok-tae, President of POSCO Terminal, stated, "Through the contribution to the Rural Community Coexistence Fund, we hope that even our small sincerity can help alleviate difficulties this time as well."

So far, as part of practicing POSCO Group’s corporate citizenship management philosophy, POSCO Terminal has actively participated with its employees in solving local issues for coexistence and mutual growth with the Jeonnam region community (Community With POSCO), carrying out activities such as delivering safety kits to veterans, environmental cleanup activities after earthquakes, supporting the Gwangyang Children’s Care Foundation (250 accounts, 9 million KRW annually), and the 'Clean Gwangyang Clean Road' campaign.

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