POSCO Donates W3.64 Billion for Ferry Disaster Victims

      May 26, 2014 13:00

      POSCO is donating W3.64 billion to the Community Chest of Korea to support the families of ferry disaster and to build safety infrastructure, the steelmaker said Sunday. (US$1=W1,025).

      POSCO and its affiliates came up with W3 billion, and the remaining W640 million was raised through a campaign the company carried out encouraging staff to donate one percent of their salary.

      Company chairman Kwon Oh-joon said POSCO hopes that a stronger safety infrastructure will help prevent another accident like the ferry disaster that killed some 300 people.

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