Business Agreement Signed to Promote Local Community Development and Expand Social Contribution
Korea Technology Finance Corporation (Kibo) announced on May 27, 2025, that it had signed a memorandum of understanding (MOU) with Pukyong National University to cooperate on educational donations and social contribution activities for regional coexistence.
This agreement was established to systematically promote and develop joint social contribution projects in partnership with the local community by organically linking the capabilities and infrastructure possessed by both organizations. Through a variety of collaborative initiatives, the two institutions plan to spread a culture of sharing and regional coexistence, and to actively contribute to the sustainable development of the local community.
Jongho Kim, Chairman of Kibo (from left), Mijin Kim, Director of LG Metro Small Ssams Library, and Sanghoon Bae, President of Pukyong National University, are posing for a commemorative photo after signing a business agreement. Photo by Kibo
Under the agreement, the two organizations will launch their first collaborative project by establishing and operating a "Local Study Room" program for local youth in partnership with the LG Metro Small Ssams Library in Nam-gu, Busan, and will provide scholarships to participating university students. In addition, they agreed to cooperate on educational donations by implementing various joint projects, including: forming and operating a joint volunteer group; hosting a science quiz competition for local children; running career experience programs for university students and local children; and establishing an environmental club and providing climate change education.
In particular, the joint volunteer group formed through this agreement plans to carry out community-based social contribution activities, such as volunteering at welfare centers, sharing Kimjang (kimchi-making) with underprivileged groups, and participating in rural volunteer work, thereby putting into practice the value of regional coexistence.
Jongho Kim, Chairman of Kibo, stated, "This agreement marks a meaningful first step in which a public institution and a local university join forces to realize tangible social value and regional coexistence. Kibo will continue to strengthen partnerships for sustainable social contribution activities and the spread of a sharing culture, and will fulfill its social responsibility as a public institution that grows together with the local community."
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