POSCO 1% Sharing Foundation 10th Anniversary... Choi Jeong-woo: "Let's Continue the Nojeokseonghae Miracle"

Started 1% Salary Donation for Managers and Above in 2013
Cumulative Donations of 89.8 Billion KRW and 303,844 Beneficiaries
Presented Appreciation Plaques to 9 Model Organizations and 1 Individual

On the 8th, POSCO Group announced that it presented plaques of appreciation to individuals and organizations who have participated in sharing activities so far, marking the 10th anniversary of the POSCO 1% Sharing Foundation.

At the commemorative ceremony held at the POSCO Center in Gangnam-gu, Seoul, Choi Jeong-woo, Chairman of POSCO Group and Chairman of the Foundation, said, "POSCO Group and its partners established the POSCO 1% Sharing Foundation and have been working with various partners for 10 years to solve social problems," adding, "Let us continue to create the Nojeokseonghae (露積成海, meaning 'dewdrops gather to form the sea') miracle that cultivates a better world together."

POSCO Group presented plaques of appreciation to three organizations that have consistently practiced meaningful sharing, including 1% donations: the POSCO Small and Medium Enterprise Consortium Secretariat, RIST Smart Solution Research Group, and Gwangyang Enterprises; as well as six exemplary partner institutions that have long worked with the foundation?Warm Companion, Korea Habitat, Korea Food for the Hungry International, Green Umbrella Children’s Foundation Incheon Regional Headquarters, Haksan Comprehensive Social Welfare Center, and Gwangyang City Love Sharing Welfare Foundation?and to exemplary individual donor employee Jo Jang-seok of POSCO.

Employee Jo received the Navy Hero Award for rescuing two citizens who fell into the sea after a fishing boat collision while serving in the Navy in 2015, and separately donated 10 million KRW to the foundation in February 2021 to mark his first anniversary at POSCO.

On the 8th, at the POSCO Center in Gangnam-gu, Seoul, Choi Jeong-woo, Chairman of POSCO Group, made the first donation of the year for the 1% My Little Charity project at the 10th anniversary ceremony of the POSCO 1% Sharing Foundation. Photo by POSCO

At this commemorative ceremony, Chairman Choi became the first donor of the '1% My Little Charity (hereafter 1% Mari-chae)' project. The 1% Mari-chae, meaning 'my own small sharing practiced by my own hands,' is a year-end sharing campaign started in 2018. It is a unique activity of the POSCO 1% Sharing Foundation where 35,000 donors donate to 150 selected social contribution programs of their choice. The foundation launched a project selection committee composed of donors in 2018 to strengthen communication with donor employees and has currently selected up to the third term.

The POSCO 1% Sharing Foundation is a non-profit public interest corporation operated through donations from POSCO Group and partner company employees and company matching grants. It was established on November 12, 2013, with government approval. It began with executives and managers above department head level donating 1% of their salaries. From February 2013, employees also joined, gaining momentum to establish the foundation, and since then, the 1% sharing extended to partner companies.

The number of donors and the scale of projects have steadily increased, surpassing 10 billion KRW in annual donations. As of this month, the cumulative donations amount to 89.8 billion KRW, with 35,000 donors and 303,844 beneficiaries, making it the largest non-profit public interest corporation in terms of project scale among domestic corporate employee participation organizations.

On this day, POSCO Group also announced the new BI (Brand Identity) of the POSCO 1% Sharing Foundation. The new BI expresses efforts to protect the environment and nature through a beautiful green earth and leaves. The circular line symbolizes that sharing connects everyone, and the shape represents the heart and fruits of sharing.

The foundation published a white paper titled "1% Sharing, 10 Years of Companionship, 100% Hope - A 3,650-Day Journey Step by Step," which contains various stories of donors, beneficiaries, and partner institutions, and made it available through the foundation’s website.

POSCO 1% Sharing Foundation 10th Anniversary Ceremony. (From left) Yang Byung-ho, Head of Management Support Division, POSCO; Choi Jae-sung, Director, POSCO 1% Sharing Foundation; Kim Yoon-tae, Director; Yoo Sung-hee, Director; Cho Jang-seok, Employee, POSCO; Moon Mal-ae, Manager; Choi Jeong-woo, Chairman, POSCO Group; Lee Bok-sil, Director, POSCO 1% Sharing Foundation; Bae Hong-gi, Auditor; Lim Sung-taek, New Director; Yang Won-jun, Head of Communication Team, POSCO Holdings; Na Jong-min, Director, POSCO 1% Sharing Foundation; Shin Hyun-sang, New Auditor, POSCO 1% Sharing Foundation. Photo by POSCO

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