[Sponsored Report] STX Group promotes social awareness

A multicultural family event at the children’s library ‘Modu.’ Provided by STX Group

STX Group is promoting a wide range of social contribution and ‘shared-growth management’ schemes in areas such as social welfare, education and school support, culture and art, sports and local society.

“STX Group should fulfill its role with regards to social responsibility, public responsibility and environmental responsibility that fits in with the company’s status as a global company to become a company that is trusted among others,” said Kang Duk-soo, the STX Group CEO.

In 2006 STX established one of the main scholarship foundations in Korea with donations of 29 billion won based on a sharing philosophy. A total of 199 students studying in Korea and 44 students studying abroad have received scholarships through the foundation.

The foundation supports tuition fees and awards 500,000 won as a monthly allowance. For students studying abroad the foundation provides $50,000 a year.

Along with the scholarship foundation, the welfare foundation aims to provide housing to neglected people through the ‘Sharing House’ project. The project does everything from building new houses to repairing bathrooms. So far a total of seven houses have been built in the Gyeongnam region and about 100 houses have benefited from repair work.

The multicultural children’s library, Modu, is one of the representative projects of the social contribution group. STX opened its No. 1 library in Seoul in September 2008. Since then it has opened six other libraries in Changwon, Busan, Gumi, Daegu and Chungju as part of the company’s multicultural family support project.

Group executives and management directors are also participating in the multicultural family support business and practicing in share management. The 59 executives from six subsidiary companies have made relationships with 59 low income, multicultural families and are supporting each family with living expenses every month.

These relationships were first started by STX and STX Pan Ocean executives in 2009 and the following year it spread to other subsidiary companies in the Gyeongin Region: STX Offshore and Shipbuildng, STX Heavy Industries, STX Construction and STX Energy. From this year it will expand to the executives of the subsidiary companies in the Gyeongnam region.

Twice a year employees of STX group participate in the ‘STX Happy Volunteer Week’. This year is the sixth ‘STX Happy Volunteer Week’ and 5,200 employees will participate. During this period the STX employees will participate in 182 programs in Seoul, Gyeonggi and Gyeongnam, helping out people in financial difficulty, poorly fed children, senior citizens living alone, disabled people as well as other activities to help farmers and donating blood.