Hyundai Capital Signs 'Value Step' Agreement with Green Umbrella for Youth Independence Support Project

Operating Three Support Programs: Recovery, Independence, and Growth

Hyundai Capital announced on the 29th that it had signed a business agreement for the 'Value Step' support project for youth preparing for independence with the child welfare organization Green Umbrella Children’s Foundation at its headquarters in Jung-gu, Seoul on the 28th.

Hyundai Capital signed a business agreement for the 'Value Step' support project for youth preparing for independence with the Green Umbrella Children’s Foundation at Hyundai Capital headquarters in Jung-gu, Seoul on the 28th. From left, Heungmok Yoo, Head of Management Support Division at Hyundai Capital, and Jungwon Shin, Head of the Green Umbrella Children’s Foundation. Hyundai Capital

Youth preparing for independence are those who, upon turning 18, lose protection from child welfare facilities and begin preparing for independent living. Hyundai Capital launched the Value Step project last year. This year, the company changed its partner organization to the Green Umbrella Children’s Foundation and expanded the support area from Chungnam Province to nationwide.

Hyundai Capital, together with the Green Umbrella Children’s Foundation, will operate three programs tailored to the needs of youth preparing for independence: recovery support, independence support, and growth support.

The recovery support package was newly established this year. The company introduced a 'financial crime victim support program' for youth preparing for independence. The program consists of developing customized recovery plans based on the damage suffered, providing administrative support such as one-on-one legal counseling, and implementing psychological recovery projects through professional counseling.

The independence support package helps youth preparing for independence set career plans and provides customized support for living expenses, educational expenses, and vocational training costs. The company also plans to select exemplary cases of youth who have successfully settled into society and provide them with certain rewards.

The growth support package offers asset management education and one-on-one consulting programs for youth preparing for independence. In addition, the company plans to operate programs such as the 'Didim Seed Savings Account,' in which employees can donate up to 50,000 won per month to children under protection, and the government matches the donation with twice the amount contributed.

Heungmok Yoo, Head of Management Support Division at Hyundai Capital, said, "We are pleased that starting this year, we can increase both the number of recipients and the amount of support for the Value Step project in partnership with the Green Umbrella Children’s Foundation," and added, "We will continue to actively carry out activities that return our various tangible and intangible assets to society."

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