The Korea Times
Mirae Asset chairman donates dividends
Mirae Asset Daewoo Chairman Park Hyeon-joo said Tuesday he will donate his 2017 annual dividends worth 1.6 billion won ($1.51 million).
Having already donated his dividends for the last seven years, Park’s total donations are expected to mount 21.6 billion won in total.
A Mirae Asset Daewoo official said the donation will be delivered to a charity foundation named after Park which helps educate and support talented young people.
“The world is changing more rapidly than ever, but we should stay kind to those who need attention,” Park said in his New Year address in January.
“I will expand the company’s corporate social responsibility (CSR) activities while nominating an increasing number of scholarship students this year.”
Under Park’s plan, Mirae Asset Daewoo will expand its scholarship program abroad to 600 this year, up by 100 students from last year.
Since 2007, Mirae Asset Daewoo has supported students who want to study abroad through its CSR program, expanding its scale to 500 in 2016.
Under the program, 4,517 students have received the scholarship to study in 45 countries, including the U.S., Germany, Mexico and Kazakhstan.
Separate from the scholarship program, Mirae Asset Daewoo has also supported 230,000 domestic students through career consulting, book sharing and various culture events.
The company employees regularly participate in community volunteer activities to senior citizens who live alone, a Mirae Asset Daewoo official said.
In 2000, Park invested 7.5 billion won to establish the Mirae Asset Park Hyeon-joo Foundation, which helps the underprivileged.