POSCO's 1% Foundation supports veterans, students, local communities
POSCO Group’s 1% Foundation is expanding its community programs, supporting veterans with disabilities, providing hands-on science education for teenagers and funding employee-led projects to address local needs. The nonprofit foundation, established in 2013, is funded by employee donations of 1 percent of monthly salaries and matching contributions from their companies. As of last year, 38,017 POSCO Group employees participated in the foundation’s donation program. Since 2020, the foundation has provided advanced assistive devices to veterans, service members and firefighters injured in service, in cooperation with the Ministry of Patriots and Veterans Affairs, which helps identify recipients and assess their needs. Devices provided so far include a robotic walking aid for a veteran who suffered paralysis of the lower body after a fall during military service and a prosthetic arm for another veteran who lost his right arm in an accident during a coastal surveillance operation. The government provides support depending on the severity of service-related injuries, but expensive advanc
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