Yongjin Chemical CEO Hongseop Yoo Donates Hometown Love Fund to Ulju-gun

Yongjin Chemical's CEO Yoo Hong-seop donated 2 million KRW as a hometown love donation to Ulju-gun, Ulsan on the 8th to support the stable establishment of the hometown love donation system and to encourage participation in the donation culture.

Yongjin Chemical Vice President Yoo Jong-min delivering hometown love donation to Ulju-gun.

On the same day, Ulju-gun held a donation ceremony for the hometown love donation at the county office's governor's office, attended by Governor Lee Soon-geol and Yongjin Chemical's Vice CEO Yoo Jong-min. CEO Yoo Hong-seop was unable to attend due to company schedules.

CEO Yoo recently joined the Ulsan branch of the Korean Red Cross Honors Club (a group of high-value donors) and is actively participating. He also serves as the chairman of the Korean Red Cross 'Naraon Support Association,' composed of representatives from Ulsan companies, engaging in sharing activities such as making hope packages and delivering rice to vulnerable groups.

CEO Yoo Hong-seop said, "I am pleased to contribute even a little to revitalizing the local economy of Ulju-gun through the excellent system of the hometown love donation." He added, "I hope the hometown love donation system will be stably established in the future and that a donation culture for my hometown will be activated."

Governor Lee Soon-geol expressed gratitude, saying, "We thank CEO Yoo Hong-seop of Yongjin Chemical for donating the hometown love donation," and added, "The donated funds will be used valuably for projects such as improving residents' welfare."

Since the first implementation of the hometown love donation system this year, Ulju-gun has seen donations from various sectors, including CEO Yoo Hong-seop of Yongjin Chemical, Chairman Son Deok-hyun of Ison Nursing Hospital, Director Son Bu-hong of Busan Sasang Jeil Nursing Hospital, singer Park Gun, and the Saeul Nuclear Power Plant Labor Union, surpassing a total of 50 million KRW in donations.

The hometown love donation system allows individuals to donate up to 5 million KRW annually to local governments other than their current address, receiving tax deductions and gifts worth up to 30% of the donation. Participation is possible through the internet portal 'Hometown Love e-Eum' or face-to-face donations at NH Nonghyup Bank.

Donations are used to improve residents' welfare, including support for vulnerable groups and youth, promotion of culture, arts, and health, and revitalization of local communities.

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