POSCO Group Donates 10 Billion KRW in Year-End Neighborly Aid Fund

Donation to Community Chest of Korea
POSCO International, POSCO Engineering & Construction, POSCO Chemical and 5 Other Group Companies Join

[Asia Economy Reporter Hwang Yoon-joo] POSCO Group donated 10 billion won in neighbor-helping funds to the Community Chest of Korea.

On the 13th, POSCO held a fund transfer 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.

POSCO contributed 8 billion won, and eight group companies including POSCO International, POSCO Engineering & Construction, POSCO Chemical, POSCO Energy, POSCO Steel, POSCO SPS, SNNC, and POSCO M-TEC contributed 2 billion won.

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 won 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.

Prior to this, on the 8th, POSCO visited Seoul St. Mary's Hospital and delivered eco-bags upcycled from firefighter turnout gear, Hickman pockets handmade by the Love Sewing Machine Volunteer Group, audiobooks recorded by the Good Voice Volunteer Group, and encouragement message cards by the Calligraphy Volunteer Group to pediatric cancer patients. In particular, 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 has been conducting ‘1% My Little Charity’ since November 30, where employees directly select donation recipients and donate online. ‘1% My Little Charity’ is a program where each person donates 30,000 won to their desired organization among about 150 social welfare facilities, and it will continue until December 17.

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