GS, Hyundai Heavy Donate W4 Billion for Ferry Victims

GS Group and Hyundai Heavy Industries on Monday donated W4 billion each to the Community Chest of Korea to help the victims of the ferry disaster last month and improve safety infrastructure (US$1=W1,024).

The move came after the country's five major business lobbies agreed to establish a fund for the causes on May 20. Eight corporations have donated a combined W54 billion so far.

GS chairman Huh Chang-soo, who also heads the Federation of Korean Industries, offered his condolences to the families of the victims and expressed hope that the fund will revive hope for them and the country as a whole.

englishnews@chosun.com / May 27, 2014 12:28 KST