KB Securities Advances Jeju PET Bottle Recycling Parasol Installation Project

On the 29th, KB Securities announced on the 31st that it held a 'Business Agreement Ceremony for Revitalizing the Village Economy and Creating Jobs for Vulnerable Groups' with four major institutions in Jeju at the Jeju branch of the Korea Environment Corporation.

On the 29th, at the Jeju branch of the Korea Environment Corporation, (from left) Kim Hyo-ui, Director of Jeju Senior Club, Kang Kyung-soo, Jeju Branch Manager of KB Securities, Go Young-pyo, Director of Senior Welfare Division at Jeju Special Self-Governing Province Office, Kim Yoo-rae, Director of Jeju Branch of Korea Environment Corporation, and Shin Hee-gyun, Director of Jeju Headquarters of Korea Senior Human Resources Development Institute, held a commemorative photo during the '2024 Upcycling Parasol Free Support' business agreement ceremony.
Photo by KB Securities

The ceremony was attended by executives and employees from five institutions, including Kang Kyung-su, head of KB Securities Jeju branch; Kim Yu-rae, head of the Korea Environment Corporation Jeju branch; Ko Young-pyo, head of the Elderly Welfare Division at Jeju Special Self-Governing Province Office; Shin Hee-gyun, head of the Jeju headquarters of the Korea Senior Human Resources Development Institute; and Kim Hyo-ui, director of Jeju Senior Club. Through this agreement, KB Securities will participate in the 'Upcycling Parasol Free Support Project.'

The Upcycling Parasol Free Support Project involves producing parasols, tables, chairs, and other items by upcycling discarded transparent PET bottles generated in Jeju and providing them to five major beaches in the province (Hamdeok, Iho Tewoo, Gwakji, Hyeopjae, and Jungmun). KB Securities expects this resource-circulating project to contribute to job creation for socially vulnerable senior groups and the revitalization of the local economy.

Kim Sung-hyun and Lee Hong-gu, CEOs of KB Securities, stated, "Since this project is a complex initiative encompassing environmental protection, local economic revitalization, and job creation for vulnerable groups, we will do our best to support it." They added, "KB Securities hopes this project will become a model ESG (Environmental, Social, and Governance) initiative for regional coexistence. We will continue to strive to be a company leading ESG management through various activities."

KB Securities is making various efforts to practice ESG management through eco-friendly resource circulation using waste materials. In June last year, it carried out a free installation project of upcycled safety bars to prevent falls in cooperation with the Korea Environment Corporation Jeju branch. This project collects and recycles waste plastic to produce and install upcycled safety bars free of charge for elderly people living alone. Through this project, a total of 250 households received free upcycled safety bars to prevent falls, and the waste plastic collection activities recycled 120 tons of discarded plastic annually, resulting in a reduction of approximately 480 tons of carbon emissions and the creation of senior jobs.

Additionally, based on the 'Business Agreement for Eco-friendly Resource Circulation of Waste Electronic Products to Practice ESG Management' signed with E-Circulation Governance, about 300 office electronic devices (PCs, monitors, etc.) were donated in June last year, and preparations are underway to donate office electronic devices again this year.

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