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[Sponsored Report] KEB foundation continues good work

KEB Sharing Foundation volunteers in Ulaanbaatar, Mongolia. Provided by the company

Korea Exchange Bank has established the KEB Sharing Foundation in order to avoid unstructured social contribution work and to organize this work and activities more efficiently.

The foundation is providing financial support for child welfare institutes and children in vulnerable situations. In addition to the financial support the foundation regularly conducts voluntary activities. For families that have a teenager as the family head, as well as children who are undernourished, the foundation employees are matched with the children on a one-to-one basis so they can receive person and tailored help. The foundation also supports various activities for foster home children, such as writing contests and economic education support programs. There are also English camps for low-income families and visits to child welfare institutes as well as donations of books.

KEB supports the KEB Multicultural Family Award, the education of multiethnic families and marriage immigrants with contests like “mother language memoir writing contest.” There is also support for the education of teenage defectors, a disabled persons’ rehabilitation hospital and an immigrant employee hospital that is free of charge.

To help teenagers to fulfill their future roles as leaders of society the company is conducting the Hwaneun Scholarship. The scholarship has been awarded to 913 students from 2006 to 2010. Another 300 million won ($266,700) in scholarships is scheduled for October. The KEB Sharing Foundation scholarship activity is not limited to within Korea either, it is also offered in developing countries.

Finally in recognition of the active efforts to improve the overall welfare of society, KEB received the Seoul Mayor Commendation in 2007 and it received the President’s Commendation in National Multicultural Family Support Network Contest in 2010.

By Lee Ji-hyun [concordia@joongang.co.kr]