SEOUL, South Korea--(BUSINESS WIRE)--Hyosung (KRX:004800) completed a project to renovate an elementary school in a village in Kon Plong District, Kon Tum Province in the central part of Vietnam on April 23. The project was funded with donations from its employees. Some 200 employees including the management have donated a portion of their monthly salaries to charitable efforts including the project.
The donations are used on community development projects including the improvement of educational environment for about 700 kindergartners, elementary and middle school students in the district and the construction of libraries for local residents. Hyosung has donated a total of 97 million won, including 48 million won contributed by its employees, to the projects over the past year.
This year, two new classrooms and sanitary facilities including restrooms were built in the elementary school. Fences were also set up on its property and its wall and gate were renovated to create space for children to play around safely. A roof was constructed in an open space at a nearby middle school to ensure students can enjoy outdoor activities away from the hot sun. Hyosung plans to construct new school dormitories in other villages within its affiliated region.
Hyosung also runs a program to enlighten residents in addition to the construction of infrastructure. It let children select the design and color of their classrooms. Restrooms were gender segregated at the request of adolescent female students. Hyosung supports student-led gender meetings and sex education to resolve such issues as early marriage custom and unwanted pregnancy and childbirth.
“Hyosung has been growing together with Vietnam by operating its largest production base there,” Hyosung Chairman Cho Hyun-joon said, “I hope its employees’ donations will contribute to the bright future of the country.”
