Donations Archives | Be Korea-savvy
Charity Groups Seek Creative Solutions to Overcome Decline in Donations Resulting from Pandemic

Charity Groups Seek Creative Solutions to Overcome Decline in Donations Resulting from Pandemic

SEOUL, Dec. 21 (Korea Bizwire) — Charity organizations are moving heaven and earth to find creative solutions to overcome the sharp decline in year-end donations resulting from the prolonged pandemic. The Salvation Army plans to host its first-ever K-pop online concert on Sunday. The organization will give online concert tickets to those who make donations. [...]

Global Luxury Brands Face Criticism for Lack of Social Contributions in S. Korea

Global Luxury Brands Face Criticism for Lack of Social Contributions in S. Korea

SEOUL, Feb. 17 (Korea Bizwire) — Global luxury brands are raking in huge dividends in the South Korean market, while being stingy about making donations. According to the 2019 audit reports of ten foreign luxury brands, their local branches paid 140.2 billion won (US$126 million) in dividends and commissions to their headquarters. The combined sales [...]

KB Kookmin Bank Introduces Digital Offering Basket for ‘Untact’ Church Services

KB Kookmin Bank Introduces Digital Offering Basket for ‘Untact’ Church Services

SEOUL, Sept. 3 (Korea Bizwire) — KB Kookmin Bank, South Korea’s largest retail lender, introduced a new service for so-called ‘untact’ (contactless) donations on Wednesday. The ‘Digital Donations’ service enables individuals and groups to manage donations without in-person contact. The service will first be introduced to churches as a way for parishioners to make their [...]

Conglomerates Cut Back on Donations for Second Year

Conglomerates Cut Back on Donations for Second Year

SEOUL, April 2 (Korea Bizwire) – South Korea’s top 10 conglomerates reduced their donations for the second consecutive year in 2017 despite their increased operating profit, data showed Monday. An analysis by corporate tracker Chaebul.com showed the donations by the leading business groups fell 13.3 percent from 2016 to 836.1 billion won (US$786.54 million) last year. [...]

Donors Gift Sanitary Pads to 6,000 Female Students in Busan

Donors Gift Sanitary Pads to 6,000 Female Students in Busan

SEOUL, June 21 (Korea Bizwire) – A total of 6,000 female students in Busan from low-income families will be relieved of the burden of buying expensive sanitary pads, at least for a while. The rising price of feminine hygiene products in Korea has recently become a big issue nationwide. The Busan Metropolitan City Office of Education [...]