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KORAMCO TRUST

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Social Contribution

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We build goodwill

Sustainable social development and better life of a community is the future KORAMCO dreams of.

KORAMCO tries to fulfill social responsibilities for sustinable social development and better life of a community. Because we know so well that companies cannot achieve susainable development without trust and support from the members of the society, as a corporate citizen, we value those responsibilities and obligations deeply and implement social contribution activities.

Since its first social contribution of KRW 140 million in 2007, KORAMCO has increased the budget for social contribution each year by 15%.
Through this, a total of KRW 2.6 billion was allocated as social contribution over 10 years, and we will continue to bring lights to darkness of society.

KORAMCO assigned five activitity areas for systematic social contribution (helping the underserved, fostering the talented, morale-boosting events for military personnel, employee volunteer works, and environment protection activities) and continue these activities with care.
In particular, we have strenghthened the support for non-metropolitan area, where there was not enough contribution, expanded the proportion of scholarship projects for the talented, and increased employee volunteer works.

Moreover, Koramco runs 'social responsibility implementation committee' composed of representatives of the company for sustainable and consistent social contribution activities and systematic planning. The social responsibility implementation committee leads active social contribution through regular meetings of each quarter.

KRW 450 million (social contribution budget in 2018)

The contribution fund is raised from 1% of the employees'
salaries and the company's matching fund.

KORAMCO uses fund that employees donate 1 % of their salaries voluntarily, doubled by the company's matching fund as resources for social contribution. Through this, all employees directly participate in sharing activities for the underserved, and
the company fulfills its social responsibilities as a corporate citizen. KORAMCO not only has long-term activity plan for the
organizations we currently support, but also steadily expands social contribution budget in order to expand to new
support activities.

사회공헌기금
사회공헌 예산 규모 그래프

Five Areas of
Social Contribution Activities

1 Reaching out to people in need We suppport disadvantaged people in our society through contributions to social welfare joint fund raising, children foundation, Raphael clinic and support projects for disabled children and welfare of the elderly living alone, the poor in local areas, low income patients, and medical cost of foreign workers.
2 Educational and academic support This is the activity to foster the talented those who will lead Korea in the future and to support academic researches. We implement projects such as scholarship support to low income students of 6 universities and learning equipment for elementary schools in rural areas.
3 Morale-boosting event for military personnel For the 'Invitation Event for Exemplary Korean and American Soldiers' is the only friendship development program for both Korean and US soldiers which offers them tours of historic sites, and friendship building event.
4 Environmental Protection KORAMCO continues to make contribution to R&D budget for environment research so that we can protect the environment and hand down the better living conditions to the next generations.
5 Employee
volunteer work
Koramco employees participate volunteer works such as Habitat House Building with Love, Hansarang child care cener(facility for children with disabilities), 'friends of love' bazaar in order to help the needy neighbors.

Social Responsibility
Implementation Committee

composed of a total 6 commissioners

Social Contribution Activities