SK Innovation Shares 26.2 Billion Won Over 5 Years Through '1% Happiness Sharing Fund'

Medical Expenses for Leukemia and Pediatric Cancer Patients... Support for Prosthetic Limbs for Disabled

SK Innovation donated the '1% Happiness Sharing' fund, voluntarily raised by its employees, to projects supporting children with leukemia and pediatric cancer as well as prosthetic limbs for people with disabilities. From left: Kim Kyung-hee, Head of Social Contribution at the Community Chest of Korea; Seok Chang-woo, prosthetic artist; Lim Soo-gil, Head of SK Innovation VCC Center; Lee Sung-hoon, Chairman of SK Innovation Labor Union; Seo Sun-won, Secretary General of the Korea Leukemia Children's Foundation; Baek Jong-hwan, CEO of Able Welfare Foundation.

[Asia Economy Reporter Oh Hyung-gil] SK Innovation has donated 26.2 billion KRW over five years through the '1% Happiness Sharing' fund, which employees voluntarily contribute 1% of their base salary to.

On the 26th, SK Innovation announced at the SK Seorin Building in Jongno-gu, Seoul, that it has supported 550 million KRW in total through the 1% Happiness Sharing fund, allocating 400 million KRW for medical expenses for leukemia and pediatric cancer patients and 150 million KRW for the production and repair support of prosthetic limbs for people with disabilities.

The donations will be used for medical expenses for about 20 children with leukemia and pediatric cancer, and for customized prosthetic limbs used by 15 people with disabilities, including those who suffered from landmine explosion accidents.

The 1% Happiness Sharing fund is established through a matching grant system where employees donate 1% of their base salary each month, and the company matches the same amount.

SK Innovation's donation activities, which began in 2008 with the One Person One Sponsorship program, have continued as the 1% Happiness Sharing since 2017. Over the past five years, about 27.1 billion KRW has been raised through the 1% Happiness Sharing fund up to the first half of this year, and 26.2 billion KRW has been spent on programs supporting partner companies, children, the elderly, people with disabilities, and environmental protection.

Lee Seong-hoon, Chairman of the SK Innovation Labor Union, expressed gratitude to employees who practiced the value of 'together with neighbors' even during the difficult times of COVID-19, saying, "We will continue to develop various programs to help neighbors in need through the 1% Happiness Sharing."

Seo Seon-won, Secretary General of the Korea Leukemia Children's Foundation, said, "Every day, 3 to 4 children, about 1,200 annually, are diagnosed with pediatric cancer in Korea," and added, "We are grateful to SK Innovation members who have given hope of complete recovery to patients and families who had to endure more suffering due to financial difficulties."

Baek Jong-hwan, CEO of Able Welfare Foundation, added, "People with disabilities who live difficult lives due to unexpected accidents have gained hope for recovery," and "We hope this will be an opportunity to inspire great courage in the lives of people with disabilities receiving prosthetic limbs."

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