Korea Exchange has launched long-term support for education and living expenses for children in single-parent and grandparent-headed families in Busan.
Korea Exchange said on March 19 it delivered 190 million won in donations for partnered children in single-parent and grandparent-headed families in Busan to the Busan regional headquarters of ChildFund Korea.
The donation includes 37.7 million won raised through employees’ personal contributions and by collecting small remaining amounts from salaries.
The funds are set to be used to support education and living expenses for 70 partnered children, including those from single-parent families. The programme is designed as long-term support, with 2.4 million won per child per year, or 200,000 won per month, paid through high school graduation.
Eun-bo Jeong (정은보), chairman of Korea Exchange, said, "I hope this support helps children grow their dreams and move toward the future." He added, "We will continue our sustained interest and support so that children can grow up in a stable environment together with the local community."