Hyundai Oilbank Committed to Promoting Shared Growth in Regional Society
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Hyundai Oilbank Committed to Promoting Shared Growth in Regional Society
Conducts diverse activities, such as projects to buy and donate rice and set fee rockfish fries into sea

31(Sat), Dec, 2022

President Kang Dal-ho of Hyundai Oilbank. (Photos: Hyundai Oilbank)

Hyundai Oilbank has continued to conduct activities to promote regional shared growth at the Daesan area in Seosan City, the location of Hyundai Oilbank headquarters. 

Hyundai Oilbank has implemented a project to secure a market to sell rice produced by regional farmers, and donate the rice to low-income households in Chungcheongnam-do. 

Another project involves releasing about 250,000 rockfish fries to preserve fish resources in the sea near Hyundai Oilbank’s headquarters. The sea preservation project took on significance as it marked the 20th rendition in 2022. 

Hyundai Oilbank has also continued to implement a “kimjang-making of love” project to make and share kimchi with neighborhood residents, a project to clean up the Hwagok Reservoir and the sea in the area of Hyundai Oilbank headquarters, a project offering scholarships in the Daesan area, and making a presentation on college entrance examinations for students in the Daesan area. 

Hyundai Oilbank’s executives and staff members participate in a social contribution program to release about 250,000 rockfish fries to preserve fish resources off the sea near Hyundai Oilbank headquarters.

Hyundai Oilbank’s social contribution projects have been expanded with the establishment of Hyundai Oilbank’s 1 Percent Sharing Foundation in 2011. 

The foundation is the nation’s first of a large-sized company established with funds made up with 1 percent of the monthly salaries of each of its officers and staff. The company itself has added its share to the donated fund to give a helping hand to poor neighbors.

Hyundai Oilbank’s 1 Percent Sharing Foundation is the start of a new donation paradigm. Many other large-sized companies, sympathizing the purpose of the establishment of a foundation, have followed suit in establishing a foundation based on funds made up of executives and staff’s pay.

Hyundai Oilbank’s 1 Percent Sharing Foundation was expanded into HD Hyundai’s 1 Percent Sharing Foundation in 2020. Executives and staff at all of the business group’s subsidiaries have participated in sharing part of their pay. 

The Foundation has conducted diverse activities targeting marginalized neighbors. 

They include a project to support youth coming out of child care facilities, “1 percent Meal-Sharing Room” to offer lunch to the elderly in vulnerable brackets at senior citizens’ welfare centers across the nation, the provision of heating oil to poor households and facilities, and a project to offer scholarships to marginalized neighbors of our society.  

Hyundai Oilbank has been conducting “Happiness-Sharing Volunteer Program,” in which its executives come to aid to persons in need for the 18th consecutive year. 

The company has conducted the volunteer program via a non-face-to-face format in recent years, due to the COVID pandemic. 
Hyundai Oilbank has expanded one social contribution program to help people in culturally marginalized brackets. 

The company has supported the production of “Barrier Free” films, including subtitles and commentaries, designed to target physically handicapped persons, advanced senior citizens and multicultural families.

Starting with “A Little Princess” and “Missing Link (animation),” the company has produced two or three “Barrier Free” films every year for the past 20 years. 

The company has expanded its executives and staff members’ participation in donations via their voices. 

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