LG Donates W10 Billion for South Korean Job Creation

John Kim, Oct. 29, 2015, 8:09 a.m.

The LG Group donated W10 billion on Wednesday to a fund proposed by President Park Geun-hye to create jobs for young people (US$1=W1,133). LG chairman Koo Bon-moo donated W7 billion and other LG executives W3 billion.

Koo is the third conglomerate owner to chip in following Samsung chairman Lee Kun-hee and Hyundai chairman Chung Mong-koo. "We joined the fundraising campaign because we sympathize with the purpose of the fund to help young people fulfill their dreams and hopes," an LG executive said.


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