POSCO Group Donates 10 Billion Won in Year-End Neighbor Support Fundraising

Donation of funds to the Community Chest of Korea on the 3rd... POSCO International, POSCO Engineering & Construction, POSCO Chemical, and 8 group companies participate

Cumulative donations of 172 billion KRW from 1999 to this year... Used to support vulnerable groups and more

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] POSCO Group (Chairman Choi Jeong-woo) has donated 10 billion KRW in neighbor-helping funds to the Community Chest of Korea.

On the 13th, POSCO held a donation ceremony at the Community Chest of Korea building in Jung-gu, Seoul. The ceremony was attended by Yang Won-jun, Head of POSCO Management Support Division, and Cho Heung-sik, Chairman of the Community Chest of Korea, among others.

To help neighbors struggling due to the prolonged COVID-19 pandemic at the end of the year, POSCO decided to contribute funds together with its group companies.

The donation consists of 8 billion KRW from POSCO and 2 billion KRW from eight group companies including POSCO International, POSCO Engineering & Construction, POSCO Chemical, POSCO Energy, POSCO Steel Plate, POSCO SPS, SNNC, and POSCO M-TEC.

Since 1999, POSCO has donated neighbor-helping funds to the Community Chest of Korea every year at the end of the year, and since 2004, group companies have also participated in donations. Up to this year, POSCO Group has contributed a total of 172 billion KRW to the Community Chest of Korea.

The funds delivered to the Community Chest of Korea will be widely used to support the self-reliance of vulnerable groups, carbon neutrality, and marine environmental protection activities.

Earlier, on the 8th, POSCO visited Seoul St. Mary’s Hospital and delivered eco-bags upcycled from firefighter turnout gear, Hickman pouches handmade by the Love Sewing Machine Volunteer Group, audiobooks recorded by the Good Voice Volunteer Group, and encouragement message cards from the Calligraphy Volunteer Group to pediatric cancer patients. Notably, 50% of the proceeds from the bags made from turnout gear are used for the welfare of firefighters, adding meaning to the sharing.

In addition, POSCO is conducting ‘1% My Little Charity’ from November 30, where employees directly select donation recipients and donate online. ‘1% My Little Charity’ is a program where each person donates 30,000 KRW to a desired organization among about 150 social welfare facilities, and it continues until December 17.

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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