Hanwha Group Provides 1 Billion Won in Local Currency to Vulnerable Groups in Gyeongnam ... Fulfilling Social Contribution Promise Smoothly

Hanwha Group is rapidly pushing forward with support programs for local residents that promote mutual growth.

On September 14, Hanwha Group signed a regional win-win cooperation agreement with Gyeongsangnam-do Province, Green Umbrella Children’s Foundation, and the Gyeongnam Volunteer Center at the Gyeongnam Provincial Government and delivered support funds.

Jungwon Shin, Head of Social Contribution Cooperation at Green Umbrella Foundation (from far left), Deokho Hong, Executive Director of Win-Win Cooperation at Hanwha Aerospace, Ilwoong Park, Vice Governor of Gyeongsangnam-do, and Moonhyun Shin, Director of Gyeongnam Volunteer Center, are holding the agreement document together at the "Local Currency Utilization Gyeongnam Regional Win-Win Project Agreement and Funding Ceremony."
Photo by Hanwha Aerospace

This project is a follow-up to Hanwha Group's social contribution plan announced in August, with a total budget of 3 billion won, and specifically involves the execution of 1 billion won in support funds for vulnerable groups. The entire amount will be provided in the form of Gyeongnam local currency, which can be used at traditional markets and small business stores within the province.

The event was attended by Park Ilwoong, Deputy Governor of Gyeongsangnam-do, Shin Jungwon, Head of Social Contribution Cooperation at Green Umbrella Children’s Foundation, Shin Moonhyun, Director of the Gyeongnam Volunteer Center, and Hong Deokho, Executive Director of Win-Win Cooperation at Hanwha Aerospace.

Park Ilwoong, Deputy Governor of Gyeongsangnam-do, said, “We are deeply grateful to Hanwha for making the meaningful decision to provide 1 billion won in support for the mutual prosperity of the local community. We hope that this project will serve as an opportunity to create a virtuous cycle that not only supports the livelihood stability and strengthens the social welfare sector for vulnerable groups struggling amid economic recession and rising prices, but also revitalizes local businesses and the regional economy through the use of local currency.”

A Hanwha Group representative stated, “With this agreement, we will work closely with related organizations to ensure that the previously promised support projects are implemented without issue and truly benefit Gyeongnam residents. We will continue to do our best to make a practical difference in the local community.”

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