Major Korean conglomerates such as Samsung, Hyundai, SK, LG, and Lotte have pulled up their sleeves to combat the COVID-19 crisis.
Samsung Group announced on Feb. 26 that it will provide an emergency assistance package totaling 30 billion won to the National Disaster Relief Association to join social efforts to overcome the COVID-19 crisis. The assistant package will include medical supplies and daily necessities.
Hyundai Motor Group has also donated 5 billion won to the association. Its donation will be used to help people in Daegu and North Gyeongsang Province, where the number of confirmed COVID-19 virus carriers continue to surge.
SK Group forked over 5 billion won in cash and 100 million won in kind. SK Siltron, located in Gumi, North Gyeongsang Province, has decided to donate 400 million won worth of relief goods, including 100,000 masks and 25,000 hand cleaners, to Daegu and North Gyeongsang Province.
LG Group has donated 5 billion won to the Community Chest of Korea. Apart from the donation, LG Household and Healthcare also provided 1 billion won worth of hand wash products.
Lotte Group has also decided to donate 1 billion won. Lotte employees decided to actively support children and the elderly in need of care and food as some welfare facilities were placed on a lockdown,.
OB Beer will give personal hygiene and medical products such as masks, mouthwashes and hand cleaners to Daegu. Its emergency supplies and donation totaled one billion won.
Following support from the four major business groups of Korea the day before, large companies continued to show their generosity to COVID-19 stricken areas on Feb. 27. Large businesses such as POSCO, GS, and Hyundai Heavy Industries groups are also actively working to help those who suffer the virus by providing relief funds and in-kind support and volunteer activities.
POSCO Group announced on Feb. 27 that it would donate 5 billion won to prevent the spread of damage from Covid-19 and help people fight the epidemic.
GS Group contributed 1 billion won to the Community Chest of Korea. Apart from the cash donation, GS Retail provided relief aid worth 100 million won to Koreans who returned from Wuhan, China due to the spread of the COVID-19 virus in January. GS Home Shopping donated 300,000 face masks to the marginalized in January to prevent their virus infections.
Hyundai Heavy Industries Group donated 1 billion won through its One Percent Sharing Foundation, while Hyundai Robotics (the Robot Business Division of Hyundai Heavy Industries Holdings) headquartered in Daegu, delivered 200 million won to Daegu and North Gyeongsang Province. Besides, the Asan Social Welfare Foundation donated 2 billion won to the National Disaster Relief Association -- 1 billion won from the foundation and another 1 billion won from chairman Chung Mong-joon.
Doosan Group also donated 1 billion won to the National Disaster Relief Association to prevent the spread of the virus and give support to medical staffs and quarantine workers. Doosan Group affiliates are also participating in support activities in their local communities.
Hyosung Group decided to donate 500 million won and medical supplies to the Korean Red Cross in order to join the national move against the COVID-19 fiasco. In particular, the group plans to donate emergency medical supplies such as 50,000 pairs of medical gloves and 3,000 hand sanitizers, which are most needed for medical and quarantine workers at COVID-19 relief sites in Daegu and North Gyeongsang Province.
LS Group also contributed 300 million won to the Community Chest of Korea to support vulnerable people in Daegu and North Gyeongsang Province in addition to medical clothing and medical supplies.