Steelmaker expands CSR activities, new jobs under vision ‘With Posco’


0

Posco, the nation’s largest steelmaker, plans to hire 5,500 additional workers over the next five years and expand corporate social responsibility programs under its new vision “With Posco” announced by its new chief in July.

The company signed an agreement on Oct. 10 with the Korea Commission for Corporate Partnership, along with eight businesses including Samsung Electronics and Hyundai Motor, to reduce the income gap between large and smaller companies, the company said in a statement. 

Under the agreement, Posco will review whether unit prices paid to subcontractors and methods of payment are appropriate, and participate in 6.2 trillion won ($5.49 billion) program designed to support smaller firms’ growth and sustainability.

In an effort to nurture small and medium-sized venture enterprises, Posco held an idea market place to create a network for budding companies and venture capitalists. 

Posco executives and officials pose during the opening ceremony of a share house built in Seodaemun, Seoul, in September. (Posco)

Since 2011, Posco has supported 173 venture firms and invested 12.5 billion won in 79 companies.

As part of CSR activities, Posco officials and executives have been donating 1 percent of their wages to build a better community for all. The matching grant fund is spent on various projects including the construction of share houses for young workers. In September, Posco opened a share house in Seodaemun in Seoul to house 18 singles between 19 and 35 years old.

For underprivileged families, the company plans to build houses, bridges and welfare centers by using steel as a construction material. In July, a group of volunteers built a steel house for an elderly couple in Pohang who lost their home in a fire.

By Cho Chung-un (christory@heraldcorp.com)


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format