The LG Group is providing social contribution programs under the slogan of “Love of Young Dreams.” It is focusing particularly on adolescents from low-income households and multicultural families, so that they can keep their dreams alive even in harsh conditions.
The LG Group’s social contribution activities are based on the late founder Koo In-hoe’s philosophy. He used to say that any corporation should put social welfare first and make longterm contributions to society, instead of regarding money as its number one goal, since it cannot exist without the society it belongs to, like fish cannot exist out of water.
At present, the group’s subsidiaries are running more than 20 programs to support adolescents. They have provided education programs, medical assistance, and scholarships, while improving the educational environment for teenagers. At the same time, they have come up with in-depth training opportunities in science, language, music, and many more in cooperation with leading institutes so that adolescents can realize their dreams in the various fields of society.
One of the typical examples is the LG Multicultural School of Love, which was put into operation in 2010. Its purpose is to choose some multicultural teenagers talented in language and science and provide them with two-year, free-of-charge education in partnership with professors at the Hankuk University of Foreign Studies and the Korea Advanced Institute of Science & Technology. Over 340 students from 10 or so countries including China, Vietnam, Mongolia, and Japan are currently studying there.
Another one of the examples is the LG Music School of Love. Since 2009, it has supported musically-talented children with leading musicians and professors both at home and abroad. Developed by LG and the Lincoln Center Chamber Music Society, the program selects 10 to 20 young pianists, violinists, violists, and cellists each year for one to two year group lessons and concerts.
The LG Group’s educational contribution is ongoing across the world, too. For instance, it has run a scholarship program since 2012 for the descendants of Ethiopian Korean War veterans. It constitutes a part of the LG Hope Community Project, which is the first global social contribution activity of the LG Group as a whole.
The company’s executive members provide worse off yet eager-to-learn beneficiaries with tuition and textbook expenses for three years until high school graduation. Over 100 local adolescents are benefiting from the program right now.