LS Electric Donates 100 Million KRW Social Contribution Fund to Cheonan City

Planned Use for Improving Housing Conditions for Elderly Living Alone and Related Projects

LS Electric held the 'LS Electric Cheonan City Social Contribution Fund Donation Ceremony' on the 11th at the LS Electric Cheonan plant located in Mokcheon-eup, Cheonan City, and donated 100 million KRW. Attendees included Park Sang-don, Mayor of Cheongju City, and Kim Dong-hyun, CEO of LS Electric (Vice President in charge of ESG).

The donated funds will be used for improving the housing environment of elderly living alone in Dokjeong 2-ri, Ipjang-myeon, Cheonan City, through Good Neighbors and the Cheonan Welfare Foundation. The funds will also be used for projects such as maintaining the nearby Seongseong Lake Park forest and providing customized living support for local people with developmental disabilities.

Cheonan Mayor Park Sang-don (left) and LS Electric CEO Kim Dong-hyun are taking a commemorative photo after delivering a donation. / Photo by LS Electric

CEO Kim said, "We delivered the fund with the heart to help neighbors in need around the workplace," adding, "We hope this can be of assistance." He also explained, "To practice Environmental, Social, and Governance (ESG) management, we will continue to develop various programs for the local community and practice sharing."

LS Electric is engaged in various activities in the local community based on the belief that "the foundation of social contribution is giving back to the community." Since 2014, it has implemented support programs tailored to each time period, such as delivering winter clothing to low-income marginalized groups in the areas of its plants and gifting holiday lunchboxes during the Chuseok festival every year.

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