POSCO and Kyungdong Navien Donate Boilers to Vulnerable Groups in Gwangyang and Pohang

Warm Winter Delivered to 280 Households Over 3 Years

Free Boiler Donation Using POSCO Stainless Steel to 96 Households

POSCO and Kyungdong Navien donated high-efficiency boilers made with POSCO stainless steel free of charge to 96 vulnerable households in Gwangyang and Pohang this year.

POSCO and Kyungdong Navien signed a mutual cooperation agreement for sharing eco-friendly boilers in 2021 to provide warm winters for vulnerable groups, resulting in the installation of boilers in 280 households over three years.

POSCO and Kyungdong Navien held an eco-friendly boiler delivery ceremony in the Pohang area. (Right: Lee Kyung-jin, Head of Stainless Steel Marketing Office at POSCO; Left: Oh Hyun-jun, Head of Procurement Division at Kyungdong Navien)
Photo by Gwangyang Steelworks

This project operates by matching donations: when POSCO donates one eco-friendly boiler, Kyungdong Navien also donates one, targeting neighbors who are struggling due to malfunctioning heating devices or increased heating costs caused by aging equipment.

Kyungdong Navien’s eco-friendly condensing boilers, manufactured using POSCO stainless steel, have high energy efficiency, which not only reduces heating costs in winter but also lowers emissions of carbon dioxide and air pollutants, making them environmentally friendly.

Furthermore, at a time when global uncertainties have driven up energy prices, the program supporting high-efficiency boilers helps alleviate the heating cost burden for vulnerable groups facing the winter season.

An elderly resident in Pohang, who suffered flood damage from Typhoon Hinnamnor in September 2022, said, "I was using an old boiler with anxiety due to financial burdens, so I am truly grateful for the boiler support," adding, "It helped me overcome the pain of the typhoon damage and spend the cold winter warmly."

Lee Kyung-jin, Head of POSCO Stainless Marketing Office, stated, "It was a meaningful activity to help neighbors in need while supplying POSCO’s excellent products to our customers," and added, "We will continue to collaborate with customers and carry out marketing activities that consider enhancing social value to practice POSCO’s corporate citizenship management philosophy."

Meanwhile, this year marks the 5th anniversary of the declaration of the corporate citizenship management philosophy, the 20th anniversary of the POSCO Volunteer Group composed of employees, and the 10th anniversary of the POSCO 1% Sharing Foundation, operated by 1% of employees’ salaries matched by the company, marking a ‘triple momentum’ for POSCO. Under the corporate citizenship management philosophy, POSCO, having set an important milestone in social contribution, plans to continue focusing on creating economic, environmental, and social value.

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