Hyundai Steel Selected as a Recognized Company in the 'Community Contribution Recognition System'

Four Sites in Dangjin, Incheon, Pohang, and Suncheon Selected for Three Consecutive Years Since Introduction of Recognition System

[Asia Economy Reporter Hwang Yoon-joo] Four business sites of Hyundai Steel were recognized for their contributions to solving local social issues and were selected as certified companies under the '2021 Local Community Contribution Recognition System,' jointly organized by the Ministry of Health and Welfare and the Korea National Council on Social Welfare.

Introduced in 2019, the 'Local Community Contribution Recognition System' is a program that discovers companies and institutions that form partnerships with local communities and non-profit organizations to carry out continuous social contribution activities, and recognizes their contributions within the community.

Hyundai Steel’s four business sites in Incheon, Pohang, Dangjin, and Suncheon have been selected as certified companies under this system for three consecutive years since its establishment in 2019, acknowledging their efforts for mutual growth with the local community. In particular, the Dangjin Steelworks achieved a remarkable feat by receiving a perfect score of 100 in areas such as social contribution promotion system and performance measurement/impact during the evaluation, earning the Minister of Health and Welfare Award in recognition of its outstanding achievements.

Hyundai Steel’s social contribution activities are distinct in that they build self-sustaining models that reflect local needs while ensuring that positive changes are sustainable.

For example, the 'Coffee Grounds Recycling Project,' which collects discarded coffee grounds and transforms them into everyday items such as flower pots and pencils, has established a collaborative system by signing memorandums of understanding (MOUs) with 10 organizations including Jung-gu and Michuhol-gu districts in Incheon. At the same time, by linking the production process with local self-support centers, socially vulnerable groups are enabled to participate directly in production activities.

Additionally, since 2011, Hyundai Steel has been conducting the long-term 'Hope House Repair - Residential Energy Efficiency Improvement Project' to enhance the energy efficiency of low-income households and welfare facilities in the communities where each business site is located. In each region, not only union members and employees but also their families have participated in mutual aid activities based on a sense of community.

Hyundai Steel plans to continue fulfilling its role as a company that can grow together with local communities by expanding social contribution activities through cooperation with various institutions such as non-profit organizations in the local area.

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