KB Securities Conducts 'Mujigae Classroom' and 'Mujigae Forest' Projects in Indonesia

KB Securities announced on the 9th that it held a completion ceremony for the 'Rainbow Classroom' to improve children's educational facilities and a business agreement ceremony for the 'Rainbow Forest' project to protect the environment in Indonesia on the 5th.

On the 5th, at Al Ayaniya High School in Tangerang City, Indonesia, Lee Hong-gu, CEO of KB Securities (fifth from the left), Nurdin, Mayor of Tangerang City (sixth from the left), and officials held a commemorative photo during the completion ceremony of the KB Securities 'Rainbow Classroom' [Photo by KB Securities].

For this social contribution project in Indonesia, KB Securities closely collaborated with its local subsidiary in Indonesia (KB Valbury Sekuritas), the Korean Red Cross, and the Indonesian Red Cross from the initial stage of the project, including the selection of project targets and implementation.

The Rainbow Classroom project is KB Securities' representative social contribution initiative aimed at improving the educational and play environments for children both domestically and internationally. Reflecting KB Securities' ESG (Environmental, Social, and Governance) management philosophy of nurturing future generations, the project began in 2009 and has completed 22 Rainbow Classrooms in Korea and 13 overseas, including this one in Indonesia.

For the Indonesian Rainbow Classroom project, KB Securities selected Al Ayaniya High School in the Tangerang area. Tangerang is one of Indonesia's major cities, located only about 25 km from the capital, Jakarta, but it suffers from severe wealth disparity and underdeveloped educational environments. Al Ayaniya High School had old facilities that were not properly maintained, resulting in a poor educational environment for the children. Accordingly, KB Securities repaired the aging facilities and improved overall educational infrastructure by newly creating essential spaces for students such as a library, restrooms, and a cafeteria.

This year, KB Securities also held a business agreement ceremony for the KB Securities Rainbow Forest project, a planting initiative to create mangrove forests to respond to disaster risks caused by climate change, in addition to the Rainbow Classroom project.

Mangrove forests help prevent damage from natural disasters such as typhoons and tsunamis caused by global warming, serve as habitats for diverse species, and store more carbon than tropical rainforests, thereby aiding in mitigating climate change.

The Rainbow Forest project, which KB Securities is launching for the first time this year, selected Tidung Island, an island region in Indonesia, as its first project site. Approximately 200,000 mangrove trees will be planted to prevent economic and social damage caused by natural disasters and to practice environmental protection.

Lee Hong-gu, CEO of KB Securities, stated, "Under the core values of care and coexistence, KB Securities is conducting various social contribution projects to dream together, grow together, and live together. We plan to continue meaningful projects for the education of future generations and the global environment not only domestically but also overseas."

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