KAMCO Launches Contribution Activities This Year with the Goal of 'Inclusive Social Contribution'

[Asia Economy Reporter Kwon Haeyoung] Korea Asset Management Corporation (KAMCO) announced on the 27th that it has set this year's social contribution goal as "realizing social value where everyone lives well together through diverse and inclusive social contribution activities" and will begin social contribution activities.

KAMCO plans to newly promote multicultural family support programs as diverse members of our society and expand social contribution activities focusing on projects that received high satisfaction from beneficiaries last year. To this end, the social contribution activity promotion strategy will be divided and carried out into ▲Hope Sharing Activities ▲Job Support Activities ▲Community-Based Activities.

First, as Hope Sharing Activities, KAMCO plans to continuously support the 'Hope Resonance Program' to bridge the cultural gap for children and adolescents from low-income families and install 'KAMCO Brary' libraries in local children's centers. It will also support 'Jeju Island family trips' for vulnerable groups, produce 'audio books with picture descriptions' for the visually impaired, and provide surgery costs for 'low-income kidney transplant patients.'

In particular, this year, a new program called 'Multicultural Family Invitation' will be established to invite the local parents of foreign spouses in multicultural families to Korea, supporting cultural experiences, family trips, and health check-up costs for the local parents.

As Job Support Activities, KAMCO operates the 'Busan Social Economy Support Fund (BEF)' and 'Narakium Youth Startup Hub,' and implements various programs for youth economic recovery and independence, such as the 'University Student Capacity Building Network (BUFF)' for nurturing local talent, 'University Student Employment Job(Job)i' to strengthen employment capabilities nationwide, and 'Livelihood Job Training and Employment Support' for vulnerable groups.

Additionally, as Community-Based Activities, KAMCO participates in raising funds for the development of the financial industry in the Busan area, and in cooperation with local governments, plans to promote projects such as the 'Old House Renovation Project for Vulnerable Groups' to improve residential welfare for local residents, and support for library construction to revitalize local communities and small businesses as part of the 'Living SOC Project.'

Moon Sung-yoo, President of KAMCO, stated, "KAMCO has focused its capabilities on creating social value that the public can feel in their daily lives by linking it with its core business." He added, "This year as well, through various sharing activities, we will fulfill our role as a trusted financial public enterprise by the public and local communities."