social contributions Archives | Be Korea-savvy
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 [...]

New Online Shopping Mall to Donate Up to 40 pct of Each Sale to Social Projects

New Online Shopping Mall to Donate Up to 40 pct of Each Sale to Social Projects

SEOUL, Jan. 11 (Korea Bizwire) — A new online shopping mall has been opened to connect ‘good consumers’ and ‘good suppliers’ and make social contributions. The Korea National Council on Social Welfare announced on Thursday that it will begin operation of a new Value Creator Platform (VCP) that combines merchandise with social projects. VCP is [...]