Kakao Bank Donates 70 Million KRW to Support Youth Preparing for Independence

KakaoBank announced on the 20th that it will donate 70 million KRW raised together with its employees through the year-end party program to the Green Umbrella Children’s Foundation for the purpose of supporting youth preparing for independence.

Since 2017, KakaoBank has held a year-end party as a major annual event, where it conducted the 'Fellowship Card' program and a flea market. The Fellowship Card is an event where employees send online cards expressing gratitude to colleagues they have worked with throughout the year. Each card exchanged can be converted into 5,000 KRW in cash. If the recipient is not a fellow employee but the 'Youth Independence Support Project,' the amount is used as a donation.

Additionally, KakaoBank held a flea market selling donated items from employees. At the flea market, held for the first time this year, about 500 items including electronic devices, home appliances, and clothing donated by employees were sold to raise funds.

KakaoBank’s donation will be used to support 10 children who are about to age out of care early next year by providing furniture and appliances necessary for economic independence, such as beds, refrigerators, and washing machines, to help them stand on their own.

A KakaoBank representative said, "We planned this year-end party program to gather the hearts of our employees to support the new start of youth preparing for independence and to deliver warmth. We will continue to strive to create a good corporate culture."

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