THE INVESTOR

메뉴열기
July 06, 2022

Posco, Brazil’s Vale donate $100,000 to Food for the Hungry

PUBLISHED : June 23, 2022 - 09:08

UPDATED : June 23, 2022 - 09:08

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

Kim Tae-il, social contribution partnership head of Food for the Hungry (left), and Shin Soo-cheol, raw materials business head at Posco (right), pose with Vale officials via virtual meeting on Wednesday. (Posco)

Posco said Wednesday that it has teamed up with Brazil’s largest raw material supplier, Vale, to donate $100,000 to Food for the Hungry, an international relief program, as part of their humanitarian efforts jointly pledged last year.

The two firms have maintained close ties for more than 40 years, with Vale supplying key materials like iron ore to Posco, the steel giant, for decades.

In May last year, they signed a memorandum to create a new matching fund under Posco’s global initiative called GEM or Go the Extra Mile. They agreed to donate $50,000 each to support young students from low-income households in South Korea and Brazil.

After a group of Brazilian students was offered support with their tuition fees last year, some 30 Korean middle- and high-school students are expected to receive financial aid and career mentorship this year through the program.

“It is very meaningful that mining and steel-making industries, as well as an NGO, have teamed up with the same goal; helping young students to achieve their dreams,” said Posco’s head of raw materials business Shin Soo-cheol.

Posco’s GEM fund started in 2019 to achieve socially responsible management in partnership with its key suppliers around the world. So far, a total of 10 suppliers have joined the program, with their accumulative contributions worth a combined $2 million.

By Kim Da-sol (ddd@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Jeon Chang-hyeop
Publisher. Editor : Jeon Chang-hyeop
Chief Privacy Officer & Juvenile Protection Manager : Ahn Sung-mi
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.