POSCO executives and staff members pick up garbage on a street behind POSCO Center as they are engaged in an environment cleanup drive around POSCO Center in Seoul on Dec. 1.

POSCO Group is donating 10 billion won as part of a year-end effort to help those in need this holiday season. True to its new management tenet of becoming a “corporate citizen who grows together,” POSCO has decided to contribute the money with group subsidiaries to deliver messages of love and hope to those who need assistance.

According to the decision, POSCO will contribute 8 billion won and its subsidiaries will chip in another 2 billion won. POSCO Daewoo, POSCO E&C and POSCO Chemtech each will donate 500 million won; POSCO Energy will offer 200 million won; and POSCO C&C, POSCO M-Tech, and POSCO Terminal each will donate 100 million won.

The money will be delivered to the Community Chest of Korea, and will be used for supporting basic life and self-help education for socially vulnerable brackets such as children, youth and the elderly, improving housing conditions of local communities and supporting medical care.

The Community Chest of Korea, established in 1998 in accordance with the Act on Joint Fund-Raising for Social Welfare, is one of the nation’s largest legalized civic fund-raising institutions. POSCO has participated as a sharing partner of the Community Chest of Korea every year since 1999. In 2004, the group began to expand fundraising to include POSCO subsidiaries. Cumulative amounts POSCO Group had donated until last year totaled 132 billion won.

POSCO volunteers wash a 100-meter sidewalk of the shopping district behind POSCO Center with water. (Photos: POSCO)

 
POSCO Officials Take Lead as ‘Corporate Citizens’ by Volunteering Clean-Up Drive

POSCO executives and staff members participated in an environment cleanup drive around POSCO Center in Seoul on Dec. 1, playing their part as a “corporate citizens.”

A total of 60 people, including POSCO executives and staff members, neighborhood residents and students from Gangnam Ward Volunteers’ Center were engaged in the campaign.

Volunteers collected garbage scattered at shopping districts near the POSCO Center and a variety of rubbish filed up around waste water drainages. They gathered about 20 sacks of garbage in three hours by cleaning up unnoticed flower gardens and every nook and corner of streets they could gain access as much as possible.

They swept a 100-meter sidewalk of the shopping district behind POSCO Center and washed it with water. The shopping area is frequently visited by POSCO officials.

POSCO officials participating in the drive said it was a worthwhile effort to clean up the sidewalk and shipping district in which they would have passed without careful concern. POSCO executives and staff who participated in the drive with their children said it was a good way to educate their offspring.

Jang Hyun-min, a team leader with Daechi 4-dong Office, said he wished for other companies’ joining in POSCO’s clean-up drive. Neighborhood residents in the Daechi 4-dong area said they would be willing to join forces in POSCO’s clean-up campaign.

Meanwhile, in a recent in-house address system address, POSCO Group Chairman Choi Jeong-woo stressed that POSCO has so far grown up as a public entity beloved by people and it is significant for POSCO to make new values by pondering and solving social issues together beyond an economic entity’s role of creating profits.

Chairman Choi once emphasized the need for encouraging and supporting his staff members’ volunteer activities corresponding to its new management tenet of becoming a “corporate citizen who grows together.”