SEOUL, Jul. 23 (Korea Bizwire) — Min Yu-ra and Alexander Gamelin, the ice-skating duo who participated in the 2018 Winter Olympics in Pyeongchang as an ice dancing pair, have released conflicting statements about the reasons surrounding their sudden fallout. In a statement released by Min’s father last week through her agent, he alleged that he [...]
SEJONG, Jun. 18 (Korea Bizwire) — According to Statistics Korea, the percentage of household expenditures devoted to charitable donations from middle-income families was lower than that of poorer families, which means middle class families spent more money on themselves compared to those of lower economic status. The average amount of money donated to “non-profit organizations” [...]
SEOUL, May 15 (Korea Bizwire) — GM’s Chevrolet announced the launch of its “Never Give Up” campaign yesterday. Starting this month, a single car will be donated for every 1,000 vehicles sold as part of the campaign. Barry Engle (president of GM International), Kaher Kazem (president and CEO of GM Korea), Yoo Jeong-bok (mayor of [...]
SEOUL, Nov. 29 (Korea Bizwire) — Charity donations by leading conglomerates have shrunk more than 13 percent in 2017 from last year despite business profits fattening their pockets, data showed Wednesday. Donation cuts by Samsung Group were the most striking, according to the data provided by corporate management tracker CEO Score. Samsung Electronics reduced its [...]
ULSAN, Nov. 7 (Korea Bizwire) – An anonymous donor has given piggy banks worth over 50 million won to an educational foundation, in a move that warmed hearts. According to the Buk District Office in Ulsan, an individual who wished to remain anonymous recently donated scores of piggy banks that had been filled up over [...]
SEOUL, Jul. 24 (Korea Bizwire) — The combined spending by banks on social contributions again fell in 2016, marking its fourth straight year of decline despite their healthier earnings, industry data showed Monday. According to the data by the Korea Federation of Banks, 21 financial institutions, including five major retail banks, spent a total of [...]
SEOUL, May 12 (Korea Bizwire) – Corporate analysis website CEO Score revealed in its latest report that foreign businesses are thrifty with corporate philanthropy, donating on average a mere 0.05 percent of their total sales here. Instead, 75.9 percent of their profits were paid as dividends to their head offices back home. According to the [...]
SEOUL, Mar. 16 (Korea Bizwire) — Popular actress Lee Young-ae has donated to a local hospital in Gangneung where her recent drama was shot. Earlier this month, Lee made the donation of 100 million won (US$87,450) to Asan Hospital in the city, in Gangwon Province, asking that the money be used to treat poor patients. [...]
SEOUL, March 2 (Korea Bizwire) – Following allegations against Samsung Group and its role in President Park Geun-hye’s corruption scandal, and the subsequent arrest of its de facto leader Lee Jae-yong, Korea’s largest conglomerate decided to abolish its future strategy office while introducing a stringent screening procedure for any donations exceeding 1 billion won ($885,347) [...]
SEOUL, Feb. 24 (Korea Bizwire) – The board of Samsung Electronics Co. approved a new clause on Friday that aims to make donations more transparent, after Vice Chairman Lee Jae-yong was arrested over his alleged role in the influence-peddling scandal that led to the impeachment of President Park Geun-hye. Under the new rule, any plans [...]