Corporate Social Responsibility
Hyundai and its subsidiaries created a variety of initiatives in the social sphere, initially in Korea and then internationally as the company expanded. The Asan Foundation, established by Chung Ju-yung in 1977 with 50 percent of the stock of Hyundai Construction, subsidizes medical services in Korea primarily through the Asan Medical Center and six other hospitals. The Foundation has also sponsored conferences on Eastern ethics and funded academic research into traditional Korean culture. In 1991, it established the annual Filial Piety Award.
Read more about this topic: Hyundai
Famous quotes containing the words corporate and/or social:
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)
“Sports are positively essential. It is healthy to engage in sports, they are beautiful and liberal, liberal in the sense that nothing serves quite as well to integrate social classes, etc., than street or public games.”
—Anton Pavlovich Chekhov (1860–1904)