KT&G, Employee Donations to Social Contribution Fund Surpass 40 Billion Won

Voluntary Participation Created the 'Sangsang Fund'
Utilizing Domestic and International Social Contribution Activities Since 2011

KT&G announced on the 30th that the cumulative usage amount of the social contribution fund ‘KT&G Sangsang Fund,’ created through the voluntary participation of its employees, has surpassed 40 billion KRW.

Launched in 2011, the ‘Sangsang Fund’ is formed by KT&G employees freely donating a portion of their monthly salary, with the company matching the same amount. The accumulated fund is used to support socially vulnerable groups and address urgent social issues, with a total of 43.8 billion KRW disbursed so far.

The Sangsang Fund is operated through donation petitions and donation markets, deliberated and resolved by a fund management committee composed of employee representatives. Donation petitions are a system where employees directly discover and support cases in welfare blind spots, providing assistance in various areas such as medical support, housing environment improvement, and education for marginalized groups who have difficulty receiving support from welfare institutions.

Additionally, the donation market, a participatory donation system, allows employees to choose donation recipients directly from cases submitted through various channels such as Happy Bean and recommendations from local organizations. Furthermore, regional institutions nationwide, including factories and regional headquarters, communicate with local communities to carry out various sponsorship projects such as support for the elderly and disabled, housing environment improvements, and year-end sharing.

Domestically, donations were provided to support wildfire victims in Gangneung and flood victims nationwide, while internationally, donations for earthquake relief in T?rkiye were delivered through the Korean Red Cross. Alongside this, the Sangsang Fund is also utilized for domestic and international environmental protection, including forest restoration in Bonghwa-gun, Gyeongbuk, affected by wildfires, and the creation of the ‘Sangsang Forest’ to prevent desertification in Mongolia.

Ko Hyung-ho, chairman of the KT&G Sangsang Fund management committee, stated, “The company’s members have taken great pride in practicing the management philosophy of ‘a company that grows together’ through the Sangsang Fund, and we will continue to strive to fulfill our social responsibilities as corporate citizens by spreading a culture of voluntary donation.”

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