POSCO's 1% Foundation supports veterans, students, local communities
POSCO Group’s 1% Foundation is expanding its community programs, supporting veterans with disabilities, providing hands-on science education for teenagers and funding employee-led projects to address local needs. The nonprofit foundation, established in 2013, is funded by employee donations of 1 percent of monthly salaries and matching contributions from their companies. As of last year, 38,017…
The POSCO Group's 1% Foundation is broadening its community initiatives, focusing on aiding veterans with disabilities, providing science education for teenagers, and funding employee-led projects to tackle local needs. Established in 2013, the nonprofit foundation relies on employees donating 1 percent of their monthly salaries, with additional matching contributions from their respective companies.
As of the previous year, 38,017 POSCO Group employees contributed to the foundation's donation program. Since 2020, the foundation has supplied advanced assistive devices to veterans, service members, and firefighters who sustained injuries during their service, working closely with the Ministry of Patriots and Veterans Affairs to identify recipients and assess their requirements.
Devices distributed thus far include a robotic walking aid for a veteran paralyzed from the waist down following a fall during military service, and a prosthetic arm for another veteran who lost his right arm during a coastal surveillance operation. While the government provides assistance based on the extent of service-related injuries, expensive advanced devices remain a challenge.
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- POSCO's 1% Foundation supports veterans, students, local communities koreatimes.co.kr
