Taekwang Industry and Daehan Synthetic Fiber to Extend Sponsorship for Underprivileged Children by Three Years

Scholarships for 2,000 Group Home Children
Cumulative Support Expected to Reach 800 Million Won by 2029

Taekwang Industry and Daehan Synthetic Fiber, both textile and petrochemical affiliates of Taekwang Group, announced on June 23 that they will extend their regular sponsorship activities supporting children in group homes for three more years, until 2029. These regular sponsorship activities have been ongoing since 2013 to help children in group homes achieve social independence.

Through these regular sponsorships, the companies have supported a total of approximately 1,950 children in group homes over the past 13 years, providing a total of 650 million won. The cumulative sponsorship amount is expected to reach 800 million won by 2029.

Taekwang Industry Co-vice CEO (left) and Youngtak Bang, President of the Korean Child and Adolescent Group Home Association (right), are taking a commemorative photo. Taekwang Group

On the morning of June 23, Taekwang Industry and Daehan Synthetic Fiber held an agreement ceremony at their headquarters in Jangchung-dong, Seoul, pledging to reach a total of 800 million won in sponsorships for children in group homes. The event was attended by Lee Boo, Co-CEO of Taekwang Industry; Bang Youngtak, Chairman of the Korea Child and Adolescent Group Home Association; related officials; and about 30 employees of Taekwang Industry and Daehan Synthetic Fiber.

Taekwang Industry and Daehan Synthetic Fiber have agreed to extend the "Didim Seed Savings Account" sponsorship program for three more years. This program matches each child in a group home with an employee for regular sponsorship. When the children become adults and graduate from the group homes, the funds are provided as support for independent living. Since June 2013, Taekwang Industry and Daehan Synthetic Fiber have been supporting these children’s independence through a sponsorship agreement with the Group Home Association.

With this extension, Taekwang Industry and Daehan Synthetic Fiber will provide a cumulative total of 800 million won in sponsorships to children in group homes through 2029. In recognition of their support for underprivileged children through the "Didim Seed Savings Account" program, Taekwang Industry received an award from the Minister of Health and Welfare in 2021 in the field of child welfare.

Since 2016, Taekwang Industry and Daehan Synthetic Fiber have also sponsored the "Happiness Tree Choir" annually to help children from group homes grow into healthy members of society. Through participation in the "Happiness Tree Choir," the children receive choir training and perform in concerts at the end of each year. In addition, the companies have carried out their own support projects, such as the "Taekwang Rudolph Bus" (2024), which delivers Christmas gifts to children and adolescents in group homes.

The scope of Taekwang Industry and Daehan Synthetic Fiber’s support projects for children is not limited to Korea. In 2023, they also conducted participatory donation campaigns such as making "Mego" safety backpacks to help children in vulnerable areas of the Philippines walk safely at night, and the "Attachment Doll Connie Doll" project, where sponsors directly create educational and emotional items for children in impoverished countries.

Lee Boo, CEO of Taekwang Industry, stated, "The Didim Seed Savings Account is a meaningful social contribution activity that goes beyond simple sponsorship, helping children design their own futures and build a foundation for independence. Taekwang Industry will continue to provide consistent support so that underprivileged children and adolescents can prepare for their futures with stability."

This content was produced with the assistance of AI translation services.