Kang Duk-young, CEO of Korea United Pharm, announced on the 29th that he donated 500,000 shares, part of his equity, to the non-profit public corporation United Culture Foundation. Earlier, the company disclosed changes in equity on the 22nd, amounting to approximately 10 billion won based on the closing price that day.
The corporation described the donation as a large-scale decision for social responsibility and sustainable societal return, expressing hopes that this contribution will strengthen the foundation's asset base while helping to sustain various public utilities in the long term.
The United Culture Foundation was established in 2008 to convey Korea's spirit and culture to the world and to introduce various cultures to Korea. It consistently carries out activities aimed at popularizing classical music, hosting cultural and artistic events to create a healthy and vibrant society, supporting global talent development, and providing support for artistic creation and exhibitions, as well as historical material exhibitions.
CEO Kang Duk-young said, "The growth and revenue of corporations have been possible through the trust and support of society, and now is the time to return that fruition to society," adding, "I hope this stock donation will serve as a turning point for creating social value, and I would like to continue more active social contribution activities going forward."