KT&G Contributes 20 Billion KRW to 'Win-Win Cooperation Fund' Supporting Farmers

Lee Sang-hak, Vice President of KT&G (right), and Kim Soon-chul, Secretary General of the Korea Federation of SMEs and Agricultural and Fisheries Cooperation Foundation, are posing for a commemorative photo at the signing ceremony held on the 22nd.

[Asia Economy Reporter Lim Hye-seon] KT&G announced on the 27th that it will contribute 20 billion KRW to the "Win-Win Cooperation Fund" at the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries to promote mutual growth with small and medium-sized partner companies and tobacco leaf farmers.

To this end, on the 22nd, KT&G and the Foundation for Cooperation between Large, Small and Medium Enterprises and Agriculture and Fisheries held a signing ceremony at the KT&G Seoul headquarters, attended by Lee Sang-hak, Vice President of KT&G, Kim Soon-chul, Secretary General of the Foundation, and other officials. Through this agreement, KT&G will contribute 17 billion KRW to the "Large and Small Business Win-Win Cooperation Fund" and 3 billion KRW to the "Rural Win-Win Fund," respectively.

The Large and Small Business Win-Win Cooperation Fund is a fund contributed by companies to promote win-win cooperation with small and medium enterprises. KT&G plans to provide multifaceted support for mutual growth with partner companies, including energy reduction for partner companies, ESG consulting, and support for venture business commercialization. Additionally, the Rural Win-Win Fund is a fund that promotes win-win cooperation between rural areas and companies. Through this fund, KT&G will carry out various projects to improve the welfare of tobacco leaf farmers, such as health checkups for farmers, scholarships for their children, and rural area development.

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