Ahn Yusu, Ace Kyungam Chairman, Donates 140 Million Won Worth of Rice for Lunar New Year

Donation of 5,900 Bags of White Rice Worth 140 Million KRW to Seongnam City
25 Years of Donations Since 1999...Total Donations Amount to 3.2 Billion KRW

Chairman An Yusu of Ace Kyungam Foundation

[Asia Economy Reporter Kim Cheol-hyun] The Ace Kyungam Foundation announced on the 16th that Chairman An Yusu (Chairman of Ace Bed) donated rice worth approximately 140 million KRW to Seongnam City ahead of the Lunar New Year. The donation consists of 5,900 bags of 10kg rice. It will be distributed to 5,622 vulnerable households, including elderly living alone, and 278 households headed by young boys and girls in Seongnam City.

Since 1999, Chairman An has continued the rice donation activity for marginalized neighbors every Lunar New Year and Chuseok holidays. This year marks the 25th year, and the total amount of rice (10kg bags) donated by Chairman An to the local community has reached 136,560 bags (1,356 tons). The monetary value is approximately 3.2 billion KRW.

Ace Kyungam explained that Chairman An's donation activities stem from the management philosophy of 'returning corporate profits to society.' Chairman An said, "Amid the ongoing COVID-19 crisis, economic recession, and interest rate hikes, everyone is facing difficult times. Many elderly living alone and households headed by young boys and girls are struggling even during the Lunar New Year, a time to share the warmth of the nation, worrying about their meals. I hope they overcome the cold winter with hearty rice cooked from the donated rice and spend a warmer and happier Lunar New Year."

In addition to the holiday rice donations, Chairman An has donated 1.5 billion KRW over five times to improve the treatment of firefighters. Last year, he also donated 600 million KRW twice to support recovery efforts for the wildfires in Goseong area and the East Coast of Gangwon Province.

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