POSCO and Partner Companies Collaborate for Community Growth through 'Good Prepayment'
'Corporate Citizen Friends' Visit Pohang and Gwangyang Traditional Markets on the 15th
[Asia Economy Reporter Hwang Yoon-joo] POSCO and its partner companies have embarked on a 'good consumption' initiative to revitalize the local economy and support vulnerable groups.
POSCO and its partner companies, together as 'Friend-like Partner Companies,' launched the 'Corporate Citizen Friends' in 2019 to take the lead in creating a warm local community. On the 15th, they visited Pohang Yeonil Market and Gwangyang Jungma Market to hold a 'Good Prepayment' event aimed at revitalizing the local economy, which has been stagnant due to COVID-19.
Now in its second year, the 'Good Prepayment' campaign is a consumer movement where payments are made in advance at traditional markets or small businesses with a promise to revisit. Corporate Citizen Friends create a win-win effect by revitalizing the local economy and sharing with vulnerable groups by delivering prepaid vouchers to those in need.
Last year, Corporate Citizen Friends prepaid a total of 40 million KRW at traditional markets in Pohang and Gwangyang, and distributed the purchased vouchers to vulnerable groups in the community, receiving high praise from the local society.
This year, the scope and scale of prepayment support have been expanded compared to last year. In addition to traditional markets in Pohang and Gwangyang, stores participating in the 'Good Influence Stores'?which provide free food or services to children and youth with meal cards?were also included as prepayment targets, adding support for small business owners leading beautiful sharing.
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On this day, POSCO and its partner companies prepaid a total of 45 million KRW at traditional markets in Pohang and Gwangyang as well as stores supporting children facing food insecurity. The prepaid vouchers will be delivered to social welfare organizations such as Pohang Food Market, Gwangyang Sarangnanum Welfare Foundation, and Gwangyang Healthy Family and Multicultural Family Support Center to be used for vulnerable groups.
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