S-Oil donates $73,000 to support low-income families

In a donation ceremony held at the Mapo District Office in Seoul, S-Oil announced a financial contribution of 100 million won, equivalent to $73,000, to support students from low-income families and enhance community welfare. The event drew the attendance of S-Oil President Ryu Yeol, as well as the Chairpersons of the Mapo Scholarship Foundation, Kwon Oh-beom, and the Mapo Welfare Foundation, Kim Eun-young.

The funds received from S-Oil will be allocated towards providing scholarships to students from low-income families within the Mapo District and funding social welfare programs managed by local institutions. Ryu Yeol expressed that the company hopes these scholarships and donations will offer substantial assistance to students who are struggling and the community at large.

Ryu further affirmed the company's commitment to sustainable growth and its dedication to Environmental, Social, and Governance (ESG) management principles.

S-Oil has been providing annual scholarships and welfare donations to low-income families residing in the Mapo District, where its headquarters is situated, since 2012. These gestures are part of the company's ongoing initiative to actively contribute to the well-being of the local community. Other community-focused programs undertaken by S-Oil include the distribution of rice cake soup during the Lunar New Year celebration.