HS HWASUNG said on the 24th that it donated 2 billion won in neighborly love funds to the Daegu Community Chest of Korea to mark the year-end.
The donation ceremony was held that day at the Daegu Community Chest of Korea hall. Chairman Lee Jong-won of HS HWASUNG and Chairman Shin Hong-sik of the Daegu Community Chest of Korea, among other key officials, attended.
Starting with its first neighborly love donation in 2013, HS HWASUNG has continued giving for 13 consecutive years through this year. The funds donated this time will be used for welfare programs for vulnerable groups in the region. They are slated to support livelihoods of low-income families and seniors living alone, children and teens, women and multicultural families, and to aid social welfare facilities.
These social contribution activities are based on the "philosophy of sharing" that began when the late founding chairman Lee Yoon-seok established the Hwaseong Scholarship and Culture Foundation in 1993. Under this philosophy, as corporations that grow together with the local community, they have made social responsibility a key value of management and continue ongoing social contribution activities.
Notably, it grants a total of 3 billion won to the large and small business co-prosperity cooperation fund—2 billion won in 2018, and 500 million won each in 2020 and 2021—to support partner companies in the region in strengthening competitiveness through quality control, safety equipment improvements, eco-friendly equipment investment, and infrastructure upgrades. At every holiday such as Seollal and Chuseok, it pays all subcontracting fees in cash before the holidays to help partner companies maintain smooth cash flow.
For the sustainable development of farming and fishing villages, it grants a total of 1.2 billion won—500 million won each in 2019 and 2021, and 200 million won in 2022—to the farming and fishing village co-prosperity cooperation fund, adding support to invigorate local farming and fishing communities by aiding regional farmers and fishers with agricultural product distribution and the operation of social welfare facilities.
It carries out more than 10 volunteer activities a year, including the Love House Repair program for housing-vulnerable groups and, in cooperation with the Ministry of Patriots and Veterans Affairs, volunteer work to improve living environments for households of national merit. To date, it has improved the living environments of more than 310 households.
In particular, centered on the "Hwaseong Volunteer Corps," organized in 2005 through voluntary participation of employees, it has steadily pursued wide-ranging sharing activities in the local community, including supplying goods to and maintaining welfare facilities such as facilities for people with disabilities, orphanages, and nursing homes; delivering coal briquettes of love; sharing hearty lunch boxes; providing free meals to seniors living alone; and relief efforts in disaster-hit areas. Every year, more than 200 employees and volunteer members take part in the volunteer work. HS HWASUNG also received a commendation from the Ministry of Health and Welfare on Nov. 6 this year.
Chairman Lee Jong-won of HS HWASUNG said, "As corporations that have grown together with society, sharing is not a choice but a responsibility," adding, "We will continue the value of co-prosperity through social contribution activities that provide tangible help to the local community."