Location Seoul, South Korea Key people Heo Dong Su Headquarters South Korea | Area served South Korea Website www.chest.or.kr Founded 1954 | |
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Type Social Enterprise, Non-Profit Organization Slogan delight, hope and happiness of distribution Stock price 001290 (KRX) ₩ 976 -22.00 (-2.20%)3 Mar, 3:30 PM GMT+9 - Disclaimer Founder People’s Solidarity for Participatory Democracy Motto delight, hope and happiness of distribution Subsidiaries Golden Bridge Investment & Securities Co., Ltd, ESOP Profiles | ||
Community chest of korea wins stevie award s in the 2016 international business awards
Community Chest of Korea (Korean: 사회복지공동모금회) is a Korean nonprofit organization, launched in 1998. It is the only government-sanctioned charity within Korea. It is Korea's largest welfare institution. With a community-based fundraising effort, it supports various welfare centers, community projects, and collaborates with other non-profit organizations and NGOs. The honorary ambassador of the Community Chest in South Korea is Kim Sung-Joo, an announcer and host.
Contents
Activity
Community Chest of Korea's main activities are raising, distributing, using and managing funds; investigating, studying and promoting fund-raising; and enhancing cooperation with organizations who collect other donations.
The collection is distributed by accepting ongoing applications. It is carried out by presentation to the board of directors that consists of experts from many fields, including the business community and religious circles, and the charity's chairman to raise the transparency and efficiency of distribution.
History of community
In July 1998, Community Chest of Korea started to develop a welfare organization in South Korea. Kang Yeong-hoon who was the first chairman was elected. In February 1990, the first donation system was started and Kim Seong-soo, the second chairman, was elected. The third chairman elected was Han Seung-heon. and next chairman elected was Kim Young-Jun in April 2004. In December 2007, Community Chest of Korea started an honor society for individuals who have raised over 100 million won. In March 2009, Yun Byeong Chul was appointed chairman and in May, people began to be able to donate online. Heo Dong Soo was elected the 14th chairman in 2014. That same year, Condoleezza Rice visited this organization and donated ten million won. In September 2015 a United Way Worldwide Roundtable on Philanthropy was held in Seoul by the Community Chest of Korea to explore ways to improve community welfare organization throughout the world. The roundtable hosted about 150 influential business donors and community leaders from around the world who signed a "Letter of Intent" to create more opportunities for "caring communities."
History of Donation
Honor Society
Since the aim of the Community Chest is to further a culture of donations and charity, it established the Honor Society in December 2007. In Community Chest of Korea, Honor Society is for individuals who donate at least 100 million won. The society members care deeply about social problems and contribute to social developing by donation and volunteering. Especially, through Honor Society, Community Chest of Korea makes an effort to solve problems like social and economic inequality and polarization of classes. Members of Honor Society make a declaration to make an effort to help society develop through donation and participation in this group and create a culture for the continual distribution of charity to those in need.
Current members of the Honor Society include celebrities Im Yoona, Bae Suzy, and Park Hae-jin.
Kind Store
Independent businesses often donate to Community Chest of Korea through the Kind Store campaign. Kind Store is an effort through which stores can donate some percentage of their total sales. Independent businessmen, small businesses, franchises, academies, and hospitals participate each year in the Kind Store. If some store does a Kind Store campaign, Community Chest of Korea sends stickers that symbolize donation and a signboard.
Controversy
in 2006, this organization was found by the Ministry of Health and Welfare (South Korea)|Ministry of Health and Welfare]] to have several cases of corruption and embezzlement. A total of 164 workers, out of a total 250, were punished for some sort of violation. CCK restructured its staff and appointed new executives. After this information was published publicly the government restricted CCK's activities for a time period. Because of this problem many people of South Korea refused to support the organization and there was a large drop in donations up through 2010.
In 2015, Community Chest of Korea came under controversy for giving a monthly stipend to a celebrity ambassador in South Korea. Because of these many problems, mass media referred to CKK's logo not as symbolizing the "Fruit of Love", but rather the " Fruit Of Corruption ".