South Korea’s Hana Financial Group has launched a social contribution committee that will lead a series of corporate social responsibility (CSR) initiatives including a plan to build 100 day-care centers by 2020.

Hana Financial Group announced Monday it opened a social contribution committee at its Integrated Data Center at Cheongna International City in Incheon. Park Seung, the former Bank of Korea governor, would serve as its chief. The committee would consist of seven members, including Kim Han-jo, the head of Hana Nanum Foundation, the social welfare organization under the financial group.

The committee would convene every quarter to discuss various social programs, including child care, inter-Korean exchange and cooperation, rehabilitation support for North Korean defectors, youth employment, and assistance for the socially marginalized, according to the company.

“The committee will take on various CSR activities to fulfill its civic duty in respect of the group mission to honor and champion human rights,” said Park Seung.

The company also signed a memorandum of understanding with Korea Workers’ Compensation and Welfare Service to build on-site day-care centers in a consortium with nearby mid-sized companies. The child care facilities would be built and run by Hana Financial Group and made accessible to children of all employees from Hana and the consortium companies. The program would start in Cheongna and gradually expand across the country over the next three years.

Hana Financial Group said it plans to set up a total of 100 day-care centers by 2020, including 90 public and 10 corporate centers.

By Kim Dong-eun and Kim Hyo-jin

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