Kwon Chan, Secretary General of the Beautiful Foundation (fourth from the left), and Song Hoseop, CEO of Starbucks (fifth from the left), are taking a commemorative photo of the agreement ceremony with employees of the Beautiful Foundation and Starbucks Coffee Korea.
[Asia Economy Reporter Choi Saeng-hye] Starbucks Coffee Korea announced on the 9th that it has signed an agreement with the Beautiful Foundation to support ‘protected youth aging out’ and has launched its first social contribution activity of the new year.
‘Protected youth aging out’ refers to young people who must leave child care facilities and become independent upon turning 18 years old. In some cases, if they enter university, they may stay until graduation with the facility director’s permission, but most youths must leave the care facility at age 18.
Starbucks, as the first domestic company, planned this program together with the Beautiful Foundation to provide more stable support for young people who do not enter university after leaving the facilities to enter society.
First, Starbucks donated 250 million KRW to the Beautiful Foundation and plans to continue support through developing funding models. Additionally, to help protected youth secure autonomy and provide practical opportunities for independence, they will offer employment training, psychological counseling, practical social adaptation programs such as financial and economic education focused on real-life situations, and networking enhancement programs called the ‘Small Change Project’ to support their independence throughout the year.
For those who wish, Starbucks plans to support admission to Hanyang Cyber University, a partner institution, enabling them to balance work and university life simultaneously.
Kwon Chan, Secretary General of the Beautiful Foundation, said, “We are grateful for the great support given to the first steps of protected youth who must become adults at eighteen,” and added, “We hope that this occasion will lead our society to pay more attention to establishing a permanent foundation that protected youth can trust and rely on.”
Song Ho-seop, CEO of Starbucks, stated, “Starting with this support for protected youth, we aim to provide even small but essential help to those who truly need continuous attention and support this year,” and added, “Starbucks will continue to support the dreams and independence of those who genuinely need help.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
![Clutching a Stolen Dior Bag, Saying "I Hate Being Poor but Real"... The Grotesque Con of a "Human Knockoff" [Slate]](https://cwcontent.asiae.co.kr/asiaresize/183/2026021902243444107_1771435474.jpg)
