POSCO : SK and POSCO Join Hands to Resolve Social Issues

l On January 29, POSCO CEO Jeong-Woo Choi and SK Chairman Tae-Won Chey volunteer to make 'Hope Sharing' lunch boxes in Pohang
l The lunchboxes are to support 2,600 in vulnerable groups and expected to increase sales of local restaurants
l POSCO and SK emphasizes on actively resolving social issues

POSCO and SK joined hands to resolve the social issues of the undernourished of the underprivileged and protect the local businesses.

On January 29, executives and employees of both companies, including POSCO CEO Jeong-Woo Choi and SK Chairman Tae-Won Chey, made 'Hope Sharing' lunch boxes at a small restaurant located in Pohang and delivered them to the elderly living alone with reduced mobility.

The joint volunteer work held on this day was promoted as SK Chairman Tae-Won Chey proposed to POSCO CEO Jeong-woo Choi to provide high-quality lunch boxes - like homemade meals - to the vulnerable. POSCO also thought that there was a limit to providing convenience meals to users of food bank centers in Pohang and Gwangyang, which were suspended in the aftermath of Corona 19.

Accordingly, POSCO planned the 'Hope Sharing Lunchbox' project that includes making and delivering lunch boxes to the vulnerable in Pohang and Gwangyang. Since both companies have been actively participating in resolving social issues by emphasizing 'Corporate Citizenship' and 'Social Values,' respectively, the CEOs of both companies decided to participate in the 'Hope Sharing Lunchbox' project together.

SK has been taking the initiative to support the vulnerable by carrying out the happy lunch box program to support underfed children for the past 15 years. And since January, it has provided more than 400,000 meals to the elderly who live alone and are affected by COVID-19.

Starting with this joint voluntary work, POSCO is planning to provide meals three times a week for 2,600 people, including for the five food bank centers operated by POSCO in Pohang and Gwangyang, and 12 other food bank centers operated by the local government of Pohang and Gwangyang. Since 2004, POSCO has been operating food banks in Pohang and Gwangyang to provide meals for the underprivileged.

The lunch boxes will be ordered and made in small restaurants (32 in Pohang and 21 in Gwangyang) in areas suffering from the aftermath of COVID-19 and are expected to increase sales of the local district.

Chairman Tae-Won Chey, who participated in the volunteer work on this day, said, 'It has been meaningful to work with POSCO to resolve the issue of food shortage triggered by the prolonged pandemic. I convey my gratitude to POSCO for accepting the lunch box proposal. I hope more companies will join us in making our world better.'

POSCO CEO Jeong-Woo Choi said, 'I sincerely thank Chairman Chey for coming to Pohang despite the cold weather. Posco's 'Corporate Citizenship' and SK's 'Social Value' are in line with each other. As a Corporate Citizen, we will strive to create greater social value by cooperating with various stakeholders and resolving the many issues of our times and society.'

Meanwhile, in Gwangyang on that day, executives of Gwangyang Works, including Lee Si-Woo, Head of POSCO's Production Technology Headquarters, made lunch boxes at a restaurant and delivered them to 650 people.

▲ POSCO CEO Jeong-Woo Choi and SK Chairman Tae-Won Chey making 'Hope Sharing' lunch boxes at a restaurant in Pohang along with employees from both companies (from left) Head of Pohang Works Soo-Hi Nam, Head of POSCO Steel Sector Hak-Dong Kim, POSCO CEO Jeong-Woo Choi, SK Chairman Tae-Won Chey, and Head of SK's Social Value committee Hyeong-Hee Lee

▲ POSCO CEO Jeong-Woo Choi and SK Chairman Tae-Won Chey taking a commemorative photo after making 'Hope Sharing' lunch boxes together with employees of both companies (from left) Head of SK's Social Value committee Hyeong-Hee Lee, POSCO CEO Jeong-Woo Choi, SK Chairman Tae-Won Chey, and Head of Pohang Works Soo-Hi Nam

▲ POSCO CEO Jeong-Woo Choi and SK Chairman Tae-Won Chey taking a commemorative photo after making 'Hope Sharing' lunch boxes together with employees of both companies (from left) Head of SK's Social Value committee Hyeong-Hee Lee, POSCO CEO Jeong-Woo Choi, SK Chairman Tae-Won Chey, and Head of Pohang Works Soo-Hi Nam