S-Oil Donates 3 Billion KRW Year-End Fund to 'Sarangui Yeolmae'

Joining the '20 Billion Club' This Year

Hussein Al Qatani, CEO of S-Oil. Photo by S-Oil

[Asia Economy Reporter Choi Seoyoon] S-Oil donated 3 billion KRW in neighbor love funds to the Community Chest of Korea's Fruit of Love in celebration of the year-end.

On the 14th, at the handover ceremony held at the Community Chest of Korea in Jung-gu, Seoul, Ryu Yeol, President of S-Oil, said, "We hope that the donation from S-Oil will help our neighbors in need around us, such as elderly living alone, single-parent families, people with disabilities, multicultural families, and basic livelihood security recipients," adding, "During this difficult time due to COVID-19, S-Oil will continue to contribute to the local community through ongoing social contributions."

S-Oil has been participating in the Community Chest of Korea's Hope Sharing Campaign since 2005. Based on cumulative donations, it joined the '200 Billion Club' this year.

Separately, S-Oil also delivered 22.68 million KRW in 'S-Oil Bonus Points' donations collected together with about 6,300 gas station customers throughout the year to the Fruit of Love.

This donation, raised from customers' donated bonus points and S-Oil's funds, will be used to support the independence of youths who must leave childcare facilities upon turning 18, in accordance with the Child Welfare Act.

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