Korea Life Insurance Volunteer Services Group consists of 25,000 employees and financial planners. All employees are encouraged to devote 1% (approximately 20 hours) of their annual working hours for volunteer service activities. In the spirit of sharing and giving, many employees voluntarily donate a small portion of their monthly salary to the ‘Sarangmoa Fund’ and the company also puts up a sum equal to the amount donated by employees according to the matching grant program. The Fund raised a total of approximately 9.05 billion won in the September 2004 to June 2012.
For the education of new recruits and newly-hired financial planners, the company introduced volunteering programs. Due to these programs, they can instantly become a member of Korea Life Insurance Volunteer Services Group as soon as they joined the company.
Korea Life Insurance Volunteer Services Group, comprised of 154 teams across the country, is affiliated with welfare facilities for the disabled, the elderly and children. All employees are expected to participate in a variety of volunteer services programs for the disabled, children and the elderly at least once a month.
To manage nationwide social contribution activities systematically, Korea Life Insurance makes monthly and quarterly plans and activities reports in database and evaluate its social contribution activities by using an assessment table. Its nationwide social contribution activities can be accessed at the website (http://welfare.korealife.com).
Major Social Contribution Projects
[Happy Friends Youth Volunteer Corps]
Korea Life Insurance launched the Youth Volunteer Corps in January 2006 to nurture the youth into a compassionate and responsible member of our society who have sound mind and body. The Corps, comprised of nearly 390 middle and high school students from ten regions across the country, participates in a variety of volunteer services once a month such as “Building Houses of Love,” briquette deliveries and smoking cessation program for the youth.
[Mecenat Activities]
- Art Plus
Korea Life Insurance has been operating ‘Art Plus,’ a program to give diverse kinds of cultural events for the children at welfare facilities, for four years. Nearly 900 children at 45 welfare facilities are provided opportunities to experience diverse cultural and art activities and develop creativity and artistic sensibilities.
- Visiting Concert
Since 2004, Korea Life Insurance has been offering ‘visiting concert’ to local communities which have fewer opportunities to experience artistic events. Currently, visiting concert is with Euro Asian Philharmonic Orchestra led by famous conductor Nanse Kum, and seeks to revitalize cultural and artistic activities in the local regions. Last year, ‘visiting concert’ toured seven regions on the back of good responses from local music lovers.
- Better Mental Health Drama Festival
Korea Life Insurance has been staging plays dealing with mental health issues since 2007. The goal of this is to support cultural activities for the mentally challenged and their families and ameliorate the negative perception of mental disorders. This year, plays about suicide prevention are being staged and receiving good responses from the parents and teachers.
[Global Social Contribution Activities]
- Vietnam Sarangnanum Activities
Korea Life Insurance’s local subsidiary inVietnamorganized a variety of social contribution activities even before beginning the operation in 2009. To build a good corporate image in the minds of the local people, the subsidiary has been carrying out diverse social contribution activities such as blood donation, building houses of love, and shelters for the physically disabled.
[Support for the Underprivileged]
- Love Connection for the Elderly Living Alone
Korea Life Insurance’s ‘Love Connection’ is for the elderly living alone. In this program, company’s 150 call center consultants make a call to 300 elderly living alone in Seoul and Busan once or twice a week and become a companion for the elderly living alone. To help the elderly in an emergency situation, consultants request to dispatch emergency crew if they are not able to reach the elderly for more than three days.
