Hyosung Group Donates 1 Billion KRW for Neighborly Love Fundraising

[Asia Economy Reporter Hwang Yoon-joo] On the 7th, Hyosung Group donated 1 billion KRW in neighborly love funds to the Community Chest of Korea (Fruit of Love).

The donation, prepared jointly by five companies including the holding company Hyosung Co., Ltd., Hyosung TNC Co., Ltd., Hyosung Heavy Industries Co., Ltd., Hyosung Advanced Materials Co., Ltd., and Hyosung Chemical Co., Ltd., will be used for housing support for Korean War veterans, employment support for women with career gaps, and self-reliance and livelihood support for vulnerable groups.

Hyosung Chairman Cho Hyun-joon stated, "I hope that warm energy will be delivered so that neighbors struggling amid the COVID-19 crisis can have hope."

Meanwhile, under the social contribution slogan "Together through Sharing," Hyosung has actively engaged in sharing activities for sustainable management, focusing on three main themes: support for vulnerable groups, sponsorship of culture and arts, and patriotic and veterans affairs.

Recently, Hyosung was selected as an "Excellent Company in Cultural Heritage Social Contribution" by the Cultural Heritage Administration for its contribution to cultural heritage preservation, including support for the restoration of Daejojeon and Heejeongdang at Changdeokgung Palace. Additionally, it was solely awarded the "Veterans Culture Award" by the Ministry of Patriots and Veterans Affairs in recognition of its support for war veterans and their families.