Shown above is the head office of the KFCC in Seoul. The outfit said that it would strengthen its initiative to help youngsters in need. Photo courtesy of KFCC

Korean outfit’s CSR campaigns target youth

The Korean Federation of Community Credit Cooperatives (KFCC) said on Nov. 25 that its corporate social responsibility programs had chalked up tangible results.

South Korea’s foremost apex organization for the country’s cooperative banking sector has focused on CSR initiatives aimed at helping the youth.

In 2018, for example, the outfit started a job camp for jobseekers aged between 19 and 39 to continue it for five years in succession.

This year’s edition, which took place on Nov. 23 and Nov. 24, was designed to help 200 youngsters, which is doubled from last year’s 100.

Participants in the annual camp could learn various know-how through lectures and practices as well as experience job interviews along with experts, according to the KFCC.

Also began in 2018 was the KFCC’s project of helping members of the Generation MZ to find residence _ the KFCC has picked 100 young beneficiaries every year to support housing expenses for up to half a year.

The Generation MZ is South Korea’s unique term referring to millennials and Generation Z, who were born between 1980 and 1995.

The KFCC has also offered scholarships _ last year, it donated some 7.2 billion won ($5.4 million) to more than 8,600 students in need.

“We will keep an eye on youngsters who face difficulties in our society to proactively support them,” KFCC Chairman Park Cha-hoon said.

The KFCC represents approximately 1,300 financial cooperatives.