Kumho Petrochemical Group Donates $500,000 to Korean War Veterans Memorial Project

Park Chan-gu, Chairman of Kumho Petrochemical Group (left in the photo), is taking a commemorative photo via video call with James R. Fisher, Secretary-General of KWVMF. Photo by Kumho Petrochemical Group

[Asia Economy Reporter Jeong Dong-hoon] Kumho Petrochemical Group announced on the 11th that it will participate in remembering and widely promoting an important history of the Republic of Korea by donating $500,000 to the Korean War Veterans Memorial Foundation (KWVMF) in the United States.

KWVMF is an organization established following the promotion of the Korean War Veterans Memorial Park through the approval of the U.S. Congress in 1986 to honor Korean War veterans. Subsequently, in 1987, an advisory committee appointed directly by former U.S. President Reagan was formed, and it has carried out major tasks such as constructing the memorial park and veterans memorial in 1995, completing the Wall of Remembrance this year, and raising funds to carry out these projects.

In particular, the completed "Wall of Remembrance" within the Korean War Veterans Memorial Park located in Washington D.C. contains the names of a total of 43,808 individuals, including 36,634 U.S. military personnel and 7,174 KATUSA (Korean Augmentation to the United States Army) soldiers who died during the Korean War. Kumho Petrochemical Group will participate in KWVMF’s activities through this $500,000 sponsorship, including the production and operation of guidance and educational programs about the Korean War and veterans in the U.S. These activities will be conducted through the operation of the memorial hall, website, mobile applications, commemorative events, ceremonies, and education.

Park Chan-gu, Chairman of Kumho Petrochemical Group, expressed his thoughts, saying, "It is an honor to be able to honor the noble spirit of sacrifice of the veterans who dedicated themselves to the Republic of Korea." In response, Tilally, Chairman of KWVMF, said, "We are pleased with the decision of Kumho Petrochemical Group and Chairman Park Chan-gu to participate in this meaningful work, and we believe it will be a great help in honoring the noble sacrifice."

Meanwhile, the Wall of Remembrance was officially initiated when the U.S. Congress passed the bill for its construction in 2016. Afterward, through a joint public-private fundraising campaign in Korea amounting to about 30 billion KRW, construction began in May last year. It was opened to the public during the Korean War Fallen Soldiers Memorial Ceremony held on Memorial Day in the U.S. on May 30 of this year, and the unveiling ceremony of the Wall of Remembrance is scheduled to be held on the 27th of this month, the anniversary of the Armistice Agreement.

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