Hyundai, LG, Samsung, POSCO make big donations

By Kang Seung-woo

Local major conglomerates have rushed to make donations to those who are less well-off.

POSCO, the global steel giant, along with its affiliates, contributed a total of 10 billion won to the Community Chest of Korea (CCK), an official said Wednesday, while Samsung Group, a multinational conglomerate corporation, also gave 20 billion won to the charity foundation one day earlier.

According to POSCO, the steel maker donated 8 billion won, joined by its four subsidiaries including POSCO Engineering and Construction and POSCO Power.

POSCO has run volunteer teams in Pohang, Gwangyang, Seoul and Incheon, while its 45,000 executives and employees have conducted global volunteer work in 19 countries.

For Samsung, Chairman Lee Soo-bin, accompanied by Samsung Corporate Citizenship President Lee Chang-ryeol, gave money to the CCK, saying that the donation will offer help to the underprivileged at the end of the year.

Meanwhile, Hyundai-Kia Automotive Group and LG Group each gave 10 billion won to help the needy.