Car company pushes employee volunteering
08 April 2008
Seoul, South Korea: Better labor management and corporate transparency, cooperation with other companies, developing environmentally friendly vehicles and helping the poor and disabled are among the list of initiatives Hyundai-Kia Automotive Group representatives announced yesterday.
The announcement was the end result of the group¡¯s conference on corporate social responsibility, or CSR. Executives signed an agreement to create a CSR committee headed by Chairman Chung Mong-koo.
Hyundai representatives also announced that the company will strengthen its internship program to include more candidates. Hyundai will also create a ¡°Happy Move¡± youth volunteer group. The company will select around 1,000 youths every year and send them overseas to help the international community.
Five Hyundai Group subsidiaries, including Hyundai Motor, Kia Motors, Hyundai Mobis, Hyundai Steel and Hyundai Hysco, were involved in creating this new committee. The CSR program's 2 trillion won ($2.1 billion) budget to carry out its programs came from its own coffers. "As a leading Korean company, we recognize our responsibility to aid in the betterment of the future and give back to society," the company said through a signed agreement.