Gwangyang Steelworks Donates 100 Million KRW Worth of Rice to Welfare Foundation for Chuseok Holiday

(Foundation) Gwangyang City Love Sharing Welfare Foundation (Chairman Kim Jae-kyung) Donates 2,287 Bags of White Rice

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] POSCO Gwangyang Steelworks (Director Lee Jin-su) announced that on September 6, 2022 (Tuesday) at 10:00 AM, at the reception room of Gwangyang City Hall, they delivered 1,717 bags of white rice (worth 80 million KRW) and 570 bags (worth 20 million KRW) to the Gwangyang City Love Sharing Welfare Foundation (Chairman Kim Jae-kyung) through the 2022 Chuseok Holiday Hope Rice Delivery Ceremony.

The delivered white rice was purchased as Gwangyang rice to expand rice consumption amid a sharp increase in rice stock in the area. Through a general competitive bidding process via the Public Procurement Service, one company was selected with the lowest bid, purchasing 1,717 bags of white rice (20kg) worth 80 million KRW, and additionally, 570 bags of organic white rice (10kg) worth 20 million KRW were supported.

POSCO Gwangyang Steelworks designated 17 institutions and organizations, and through the Welfare Foundation Distribution Committee meeting, selected 23 child facilities, 16 facilities for the disabled, 34 elderly facilities, and 6 women and other facilities, distributing a total of 1,717 bags to 79 social welfare facilities and related organizations in the area.

The organic white rice will also be distributed by appropriately adjusting the quantity of rice allocated according to the size, necessity, and urgency of the institutions.

At the delivery ceremony, Gwangyang Mayor Jeong In-hwa said, “We are grateful to POSCO Gwangyang Steelworks for their steady donations every holiday, helping farmers who are facing difficulties,” and added, “Social welfare facilities in the area also feel the warm affection.”

POSCO Gwangyang Steelworks Deputy Director Lee Cheol-ho, who participated in the ceremony, said, “I am glad to share rice, an essential staple food, with many people during these difficult economic times caused by COVID-19 and decreased rice consumption,” and added, “As POSCO, a corporate citizen, we will continue to contribute to the development of the local community.”

Kim Jae-kyung, Chairman of the Gwangyang City Love Sharing Welfare Foundation, said, “We sincerely thank POSCO Gwangyang Steelworks, which plays a major role in the development of Gwangyang, for supporting Hope Rice every Chuseok and Lunar New Year, and thanks to POSCO Gwangyang Steelworks, we believe we can overcome these difficult times.”

Meanwhile, POSCO Gwangyang Steelworks has been conducting the Hope Rice support project during the Chuseok and Lunar New Year holidays since 2009, supporting a total of 33,211 bags of white rice (20kg) worth 1.55 billion KRW up to this Chuseok.

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

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