Back in September 2016, 28 ASEAN heads of state, education ministers and representatives of the Southeast Asian Ministers of Education Organization gathered together and committed to tackling the problem of youth without regular education. The Project for Out-of-school Children in ASEAN is a follow-up to the declaration, and it’s the first project that UNESCO is carrying out this year alongside an enterprise.

The POSCO 1% Sharing Foundation is aiming to leverage the Flexible Learning Strategies (FLS) program developed by UNESCO, to provide alternative education for the children of the underprivileged, ethnic minorities and migrants in cooperation with the education ministries of individual countries.

The 3-year project will be supported by the POSCO 1% Sharing Foundation, using the donated 1 percent of members’ salaries. The project will kickstart in Thailand, where they have the highest percentage of out-of-school children in ASEAN (7.6 percent). POSCO plans to cover 2,000 children in 4 regions (Chiang Rai, Ranong, Songkhla and Rayong) where POSCO Thainox, POSCO-TCS and POSCO-TBPC are based, and expand the project to Indonesia and Myanmar.

Jeong-sik Kwak, head of the ER Office of POSCO, and UNESCO Director-General Audrey Azoulay signing the agreement.

“I hope that this partnership with a world-class steelmaker like POSCO will become a model of providing opportunities for quality education to underprivileged children and youths,” said UNESCO Director-General Audrey Azoulay. “I hope that these activities will spread throughout the world, and everyone will make concerted efforts to make sure that the notion of out-of-school children will become a thing of the past.”

At home, one of the core focus areas of the POSCO 1% Sharing Foundation is facilitating the self-reliance of future generations. Starting this year, the foundation increased the number of people eligible to receive support from the Chinchin Rainbow project to 70. The customized career project will support 70 children of migrant families such as multicultural families and North Korean defectors. Last December, it also entered into an MOU with the Children’s Self-Reliance Support Team of Korea Human Resource Development Institute for Health & Welfare to help children transition smoothly from welfare facilities and foster homes to society.

Cover photo courtesy of UNESCO.

More than 100 people attended the dedication ceremony, including Jeong-sik Kwak, the head of POSCO’s External Relations Office, the vice-governor of Rayong, Thailand, the representative of Habitat for Humanity Thailand, the POSCO Group Employee Volunteer Corps and members of the local community.

Jeong-shik Kwak, head of the ER Department of POSCO said, “The Thailand love houses are especially meaningful because the employees of POSCO Group donated 1 percent of their salaries and participated in the construction process. I hope that these love houses will give hope to locals in need.”

POSCO representatives and locals at the dedication ceremony of the love houses in Pluak Daeng, Thailand.

The construction was completed by 50 volunteers of the POSCO Group Employee Global Volunteer Corps from Korea, and 30 employees of POSCO Thainox, POSCO-TCS and POSCO-TBPC.

New resident Tun Kedwarin was moved to tears and stated, “In my old house made of wooden boards, water kept leaking and the house was in danger of collapsing. I was always worried, but now I can sleep without fear, and I am truly happy. I am grateful to POSCO and the government who built me a house.”

POSCO Group Employee Global Volunteer Corps members and Pichamon, a new resident of the love house.

POSCO Group Employee Global Volunteer Corps was established in 2015, and consists of employees of POSCO Group and outsourcing partners who donate 1 percent of their monthly salary. It’s all a part of POSCO’s unique culture of volunteering and giving back to communities.

This year, the members spent 8 days in Thailand starting from August 5, during their personal vacation days and also visited a local school to introduce Korean traditional culture to the students.

OSCO Group volunteers and Thai global staff members worked together for the construction of the love houses.

POSCO also completed 104 houses in Vietnam last May, and donated them to low-income families. In Korea, POSCO constructed steel houses made from PosMAC and donated them to victims of fires and low-income families around the country, all as part of the effort to give back and build stronger communities around the world.

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For global companies it is often not easy to build successful CSR programs overseas due to differences in cultures, customs, and laws. However, the POSCO Group is working to form strong relationships with local communities near its offices and plants by being attentive to the local issues and actively working to find solutions together with the communities.

POSCO Vietnam helps improve homes with the POSCO Steel Village

Since 2009, POSCO Vietnam has been working to understand the needs of the local communities near its plant. By combining the needs of the community with the capabilities of POSCO and its group companies, POSCO was able to improve local housing through its POSCO Steel Village, POSCO Steel Bridge, and POSCO Steel Playground initiatives.

On November 30, 2016, POSCO Vietnam received the Excellent CSR Prize, the most prestigious prize from the Korean Minister of Trade, Industry, and Energy at the 6th Korea-Vietnam CSR Awards in 2016. The award ceremony was held at the KOTRA Hanoi Office on December 28.

In particular, because POSCO Vietnam handles various licenses and permits for steel bridge construction, they formed a volunteer group with members from various POSCO partners. POSCO A&C participated in the design, SS-VINA supplied section steel products, and POSCO E&C processed and built the bridge.

The POSCO Steel Bridge project is seen as a model CSR activity by the local communities and the Vietnamese government. As a result, POSCO Vietnam was awarded with the Excellence in CSR designation, the most prestigious award from the Korean Minister of Trade, Industry and Energy at the 6th Korea-Vietnam CSR Awards on December 28, 2016.

POSCO Steel Village (left) will contain 104 households and is slated for completion in April 2017. The POSCO Steel Bridge in Vietnam (right) was completed in January 2016.

POSCO partners with local schools in Myanmar

In Myanmar, POSCO has been working to provide resources to local schools. Since 2014, POSCO E&C formed sisterhood ties with nearby secondary schools and signed an agreement to work with the National University of Arts and Culture in Yangon. POSCO E&C has donated educational materials and equipment, repaired educational facilities, organized cultural exchange activities, and built rainwater storage & drinking water facilities. More recently, POSCO has been leading the way in making improvements to the safety of Yowa Village. By partnering with POSCO’s 1% Sharing Foundation, they were able to build a bridge in the village with POSCO steel.

For these efforts, Myanmar-POSCO E&C recognized for its contributions to Myanmar’s local communities in the 2016 Myanmar Excellent CSR Company Awards that were held in Yangon, Myanmar in December 13, 2016.

Hyun-ik Choi (right), head of POSCO E&C Myanmar, receives the Prize of the Minister of Strategy and Finance of Myanmar from U Aung Naing Oo, Director General of DICA and General Secretary of MIC. The 2016 Myanmar Excellent CSR Company Awards took place at the Sedona Hotel in Yangon, Myanmar, on December 13.

POSCO Krakatau gives back to Indonesia

In Indonesia, the Krakatau POSCO Social Enterprise (KPSE) has been working to support secondary education, create jobs at the steel mill, and return profits to the local communities in Cilegon, Indonesia, where the steel mill is located.

KPSE, co-founded by the POSCO 1% Sharing Foundation and KOICA, was awarded for its efforts at the ‘2016 Korea-Indonesia CSR Forum and Awards Ceremony’ that was hosted by the Korean Embassy in Indonesia and KOTRA on December 15, 2016.

KPSE manager and acting CEO Jang-gon Jeon (2nd from the left) and Andi Soko, officer of personnel management and general affairs at PT.KP (2nd from the right) stand with KPSE employees after receiving the Prize of the Director of the Indonesian Investment Coordinating Board. The awards ceremony took place at the ‘2016 Korea-Indonesia CSR Forum’ held at the Shangri-La Hotel in Indonesia.

POSCO Group’s overseas subsidiaries have been recognized for their broad contributions in CSR. POSCO Group will continue to promote win-win growth in partnership with local communities at home and abroad based on the Group’s unique values that recognize the overseas market as a partner and not as a business target.

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With the winter season in full swing in northern India, POSCO India and India Delhi Processing Center (IDPC) employees, under the charismatic leadership of President Mr. Gee Woong Sung, planned to distribute warm smiles to needy children living in the slums. As an extension to the food donation drive, POSCO employees planned a visit in collaboration with the Delhi-NCR Food Bank on December 9, to one of the slum schools run by Sakshi, a non-governmental organization (NGO), at Badshahpur in Gurugram, Haryana.

The Sakshi Center at Badshahpur has around 200 impoverished kids who get a free education and meals. The ages of these children range between 3 to 10 years old. They receive a basic education at a small school which has 5 classrooms, 1 library cum computer room and 7 teachers in total. The children come in batches of 100, in 2 different shifts.

About Sakshi

Sakshi is the only full-spectrum grassroots NGO in India providing services spanning the development trifecta of education, health and community development to its community. The organization is thus able to provide a comprehensive path from poverty to prosperity for the destitute, and fully empower them to tread on it successfully.

Over the last eighteen years, Sakshi has grown to 120 centers and managed to carve paths to a beautiful life for thousands of marginalized young children, women and communities.

What was POSCO India’s role in this donation drive?

During this donation drive, POSCO India & IDPC voluntarily planned to spend time to help and support the children. They served food, cleaned & sanitized the school premises and provided logistic and stationary aid for the children to be able to continue their day to day education. The company donated shoe stands, notebooks, pencils, erasers, sharpeners, sketch pens, crayons and writing and reading books for the library. All the kids were extremely excited and overjoyed to meet POSCO volunteers at their school, and it was clearly evident that the feeling was mutual among POSCO employees as well. At the end of the visit, snacks were given to each child: a pack of apple juice and a banana, which ended up being the icing on the cake for the day.

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Iron: Inexpensive Yet Strong, ‘Economically Feasible’ Material 

Steel is one of the most abundant resources. As a result, the cost of steel is indeed very cheap. It only costs approximately 1/3 of its closest alternative, Aluminum, which costs roughly 1700-2000 USD per ton. Furthermore, steel’s price compared to its strength property is significantly lower at 4.4 when compared to other materials such as aluminum alloy at 21.2 and plastic at 11.3. This indicates that steel is cheap despite the material’s outstanding strength. Although directly comparing the costs of steel products to those of similar products made of other materials is meaningless since different materials involve different production process, but it is clear that steel products are cheap yet strong and that steel is relatively more economically feasible when compared to other materials. 

‘From a Needle to a Vessel’, Well-rounded Material with Properties of Handy Procedure, Corrosion-resistance and Durability 

As implied in the phrase ‘From a needle to a vessel’, steel is extensively used in diverse fields. Not to mention the cheap cost of the material, Steel’s mechanical properties, corrosion resistance and machinability allow its flexible application to various industry fields. It comes as no surprise that steel is universally considered as the most important material in engineering and construction industry.

Plastic is often perceived and used as an alternative material to steel for the characteristics alike; plastic has the merit of being easy to process, mechanically durable, pressure-resistant, and heat-resistant due to high softening temperature, pressure and electro-thermal. Despite all the positive aspects, plastic is still considered inferior than steel in terms of the material’s mechanical and chemical properties.

Through Recycling Process, ‘Iron’ is Eco-friendly 

When estimating a certain material’s level of eco-friendliness, recycle availability becomes the standard. In the case of plastic, only 3 ~ 5% of the overall production is recycled. However, due to its simple recycling process, iron stays eco-friendly through high usage of the process.

By reusing the recycled iron, it is possible  to decrease 82% of Carbon Dioxide, 88.9% of nitrogen oxides, and 94.7% of sulfur oxides, compared to directly producing iron from minerals. Therefore, iron scraps are considered as one of the top three ingredients of steel along with iron ore and coke.

Even the production process of iron has less negative effects on nature, compared to the processes of other mineral resources. In order to mine mineral resources, trees and forests need to be cut down to make a tunnel in the area. Prior to the mining, a series of content analyses of an iron ore is held to assess economic feasibility of the site. For gold, 3 grams of gold per 1 ton of raw ore is considered economically feasible. This ‘feasible content’ for Aluminum is 13%, iron 5%, copper 0.8% yet the steel is at astonishing 60%. This means that steel is an ‘eco-friendly’ material in that the mining process does not involve extensive environmental destructions and leaves minimal wastes compared to other natural resources. In other words, more use of steel over other materials helps to save the environment. Environmental destruction due to mining process is inevitable yet the negative impacts could be minimized with more use of steel.

Various Usages in Our Daily Lives

Other than the excellent qualities introduced above, there are many more usages in our daily lives. Human body contains certain amount of iron and it is used in manufacturing products from food container to artificial bone structure. Also, sometimes iron is used in producing another type of metal with improved qualities, such as stainless steel. Known for its non-rusting and robust property, the stainless steel is an alloy of regular steel with reasonable amount of carbon, nickel and chrome. As shown, depending on the type of materials added to the steel, various steel products with many different qualities can be made. Since they alloy of iron or oxides tend to be magnetic, it is widely used in producing computer diskettes, recording tapes, skippers, calling cards and more. We could expect for an enhanced quality of life by further developing the outstanding properties of iron and utilizing them into new products in the future!

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Case Study – Steel House

POSCO has built a steel house ‘Youth Shelter’ to support teenage runaways who are not capable of living an ordinary life due to domestic conflicts or violence. In addition, a senior welfare center called ‘Happy Steel House’ was constituted with the fund raised by POSCO family employees’ 1% share campaign. Including the ‘Happy Steel House’, POSCO’s Steel House construction is now being applied in various social contributions in Korea.

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