Hankook Tire donates 1bn won to Korean charity

ERJ staff report (TP)

Seoul, South Korea − Hankook Tire has donated 1bn won (€692,000) to the Community Chest of Korea organising the ‘Campaign for Sharing Hope 2014’. Hankook Tire has been participating in the event since 2003, reported BusinessKorea.

A charity fundraising event was held on 30 December. Hankook Tire Infrastructure Management Board Director Lee Jae-pyo and Director of Hankook Tire Charity Shin Sung-gee visited Jung-gu district’s Community Chest of Korea office and participated in the event.

The gift will be used for basic welfare recipients, the disabled, the socially-disadvantaged elderly, and low-income families.

Hankook Tire has been involved in various public welfare activities, and “maintaining social responsibility has been its priority”. From 2010 to 2013 it provided free replacement tires for 2,000 of the automobiles owned by social welfare organisations around the country.

The firm provides scholarship and medical services for the socially disadvantaged and various social welfare organisations. Its symbol, the tire, implies mobility and motion, and it tries to reflect that in social programs that serve the public need, which include providing automobiles, buses, and strollers for the needy.

Hankook Tire’s CEO Seung-hwa said: “This is not a one-time event. It reflects our continued effort at providing support for the disadvantaged [and] we will work through various channels of social welfare and will continue our culture of care and nurturing.”

The company has four overseas headquarters, thirty offices, seven manufacturing facilities, and five R&D centres. Hankook Tires are sold in 180 countries around the world. It is the fifth largest company in manufacturing and the seventh in sales revenue globally, with 80 percent of sales coming from overseas.

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Full story from BusinessKorea