SK Hynix's 'Happiness Sharing Fund' Donations Surpass 30 Billion Won

Presentation of Appreciation Plaque from Community Chest of Korea

SK Hynix announced on the 17th that it received a plaque of appreciation from the Community Chest of Korea on the 16th for donating 30 billion KRW to the Happiness Sharing Fund over 10 years.

The donation ceremony held the previous day at the Community Chest office in Jeong-dong, Seoul, was attended by Kim Byung-joon, Chairman of the Community Chest of Korea, Kim Kyung-hee, Head of the Headquarters, Kim Dong-seop, President of External Cooperation at SK Hynix, and Park Yong-geun, Vice President of Icheon CPR, among others.

The Community Chest of Korea presented a plaque of appreciation to SK Hynix on the 16th at the fundraising office in Jeong-dong, Seoul, for donating 30 billion won to the Happiness Sharing Fund over 10 years. Kim Byung-joon, Chairman of the Community Chest of Korea (third from the right), and Kim Dong-seop, President of External Cooperation at SK Hynix (third from the left), attended the event.
[Photo by SK Hynix]

The Happiness Sharing Fund is created through a 'matching grant' system, where SK Hynix matches the amount donated by its employees with an equal amount from the company.

In 2011, employees raised 900 million KRW to start the fund. The cumulative sponsorship amount reached 29.7 billion KRW last year. As of the end of last month, it has surpassed 30 billion KRW. Currently, more than 10,000 employees participate, with a monthly regular donation amount of about 90 million KRW.

Status of SK Hynix Happiness Sharing Fund Formation as of the End of April. [Source=SK Hynix]

The donations are entrusted to the Community Chest and used for six projects, including support for vulnerable groups in regions such as Icheon and Cheongju, and the establishment of an ICT (Information and Communication Technology) social safety net.

Chairman Kim Byung-joon said, "Just as a steadfast ox travels a thousand miles, it is very meaningful that SK Hynix employees’ voluntary sharing has achieved 30 billion KRW in 13 years," adding, "We thank SK Hynix for consistently practicing the philosophy of making local communities happy through sharing."

President Kim Dong-seop said, "In addition to the fund, the company supports young talents to develop curiosity about semiconductors through various talent donations by engineers," and added, "Currently, social contribution activities are focused on Icheon and Cheongju where our business sites are located, but we plan to expand these activities to more regions in the future."

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