By Oh Young-jin, Kim Yoo-chul
Hyundai Motor Group is going big-scale in its social benevolence initiative.
The carmaker, led by Chairman Chung Mong-koo, has just launched multiple efforts aimed at reaching 84,000 individuals. From talented students on a financial shoestring, the underprivileged, the jobless, the indebted and startups, the company aims to give them their first break or a second chance.
The Hyundai initiative, spread over five years, will first target talented but needy students to help them realize their potential in areas they excel.
For this, Chung personally gave 500 billion
Oh Young-jin is The Korea Times' publisher and president. He began to work at The Korea Times in 1988 as a sports writer. Then, he worked as a reporter and later as editor at the City Desk, Business Desk and Politics Desk. He worked as chief editorial writer before taking the current position. He has a keen interest in politics as well as defense affairs.