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POSCO Signs MOU to Support People of National Merit

2020/11/05

l Marking the 70th anniversary of the Korean War, POSCO signs an MOU with the Korean Ministry of Patriots and Veterans Affairs
l POSCO delivers cutting edge assist devices such as robot hands & legs to 26 people of distinguished service to the state

POSCO (CEO Jeong-Woo Choi) signed an MOU with the Korean Ministry of Patriots and Veterans Affairs (MPVA) to support people who rendered distinguished services to the country. This year marks the 70th anniversary of the Korean War.

On October 30, POSCO CEO Jeong-Woo Choi and Minister of Patriots and Veterans Affairs Sam-Duck Park signed a business agreement to support cutting edge assist devices, such as robot hands and legs for those who made distinguished service and contribution to the country.

Under the agreement, MPVA will recommend candidates appropriate for the support, and POSCO will select the final recipient and present the required assist device. The project is to be carried out for three years starting from this year.

The support is operated with funds from the POSCO 1% Foundation, which is run by donations — 1% of the monthly pay — from POSCO employees, thus making the project more meaningful.

Following the MOU signing ceremony, POSCO delivered cutting edge assist devices to 26 people of distinguished service to the state selected this year. The recipients were selected in May through online application, interviews, eligibility tests, and final evaluation.

Hyung-Yun Na, who received a robot hand, said, “I’m glad that I can now hold my child with both arms. I am grateful for all the support I received.” He lost both his hands from an electric-shock accident while serving in the army and has been active as a disabled athlete.

Other than supporting cutting edge assist devices, POSCO has been carrying out house renovation projects in Pohang and Gwangyang for veterans who participated in the Korean War and has also presented memorial plaques for Korean War veterans in 16 countries.

▲ POSCO CEO Jeong-Woo Choi and Minister of Patriots and Veterans Affairs Sam-Duck Park at the signing ceremony

▲ POSCO CEO Jeong-Woo Choi and Minister of Patriots and Veterans Affairs Sam-Duck Park taking a commemorative photo with recipients of the assist device support (from left: Minister Sam-Duck Park recipient Hyung-Yun Na, Joo-Nam Park, and POSCO CEO Jeong-Woo Choi)

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