HDC Hyundai Development Company Donates 100 Million Won to Improve Housing Conditions for Grandparent-Grandchild Families in Seoul

Employees and Company Raise Donations Through Matching Program

HDC Hyundai Development Company employees and the company donated 100 million KRW to Habitat for Humanity Korea through a matching donation program.

HDC Hyundai Development Company donated 100 million KRW to Habitat for Humanity Korea from the matching grant donations raised by employees and the company for the residential environment improvement project for grandparent-grandchild households in Seoul. From the left in the photo: Shin Wang-seop, Manager at HDC Hyundai Development Company; Kim Hyun-gi, Chairperson of the Seoul Metropolitan Council; Lee Kwang-hoe, Secretary General of Habitat for Humanity Korea. Photo by HDC Hyundai Development Company.

On the 1st, Hyundai Development Company announced that it had donated 100 million KRW to Habitat for Humanity Korea to be used for housing environment improvement projects, including remodeling the aging residences of grandparent-headed households in Seoul. The day before, at a business agreement ceremony held at the Seoul Metropolitan Council, Kim Hyun-gi, Chairman of the Seoul Metropolitan Council, Lee Kwang-hoe, Secretary General of Habitat for Humanity Korea, and Shin Wang-seop, Director of HDC Hyundai Development Company, attended.

HDC Hyundai Development Company has been conducting social contribution activities through a 'matching grant' program, where amounts less than 10,000 KRW are collected from employees' salaries and matched by the company with the same amount. This year, the total amount raised is 200 million KRW, with 100 million KRW from employees and 100 million KRW from the company.

HDC Hyundai Development Company donated 100 million KRW to Habitat for Humanity Korea this time and plans to identify additional donation recipients in February to deliver the remaining amount.

A representative from HDC Hyundai Development Company said, "The matching grant is meaningful as employees participated together in social contribution activities for neighbors in need around us. Since coexistence with the local community is the foundation of ESG management, we will continue to focus on these activities and additionally plan various social contribution activities that employees can participate in."

Since 2015, HDC Hyundai Development Company has been delivering funds raised through matching grants to places in need. In 2022, it donated a total of 300 million KRW in flood recovery funds to the Community Chest of Korea for areas affected by natural disasters. In 2021, it donated a total of 200 million KRW to six organizations, including Baraka Small Library, Neulbit Regional Child Center, Seoul Branch of the Community Chest of Korea, InTree (an association for single mothers shaping a changed future), Anna's House, and (Corporation) Bapilkkum.