Jungwoo Group

Chairman Jungwoo Textile Co., Ltd. and Chairman Jungwoo Vina Oh Byung-chul donated KRW 50 million to the Korea Textile Export-Import Association (hereinafter referred to as the "Sumsanryeon Scholarship Foundation") after KRW 100 million in the development fund of the Korea Textile Industry Association (hereinafter referred to as the "Sumsanryeon Scholarship Foundation") at the end of last year. As a result, the total amount of funds donated by Chairman Oh to the industry amounts to KRW 250 million.

Chairman Oh Byung-chul already donated 100 million won (93,815 U.S. dollars) in foundation development fund for 10 years to the Seomsanryeon Scholarship Foundation in 2012, asking the company to use it to nurture talented people in the textile and fashion industries. He also donated an additional 100 million won (93,400 dollars) to the Seomsanryeon Scholarship Foundation late last year.

On the day of the "2025 Board of Directors and Regular General Meeting" of the Seomsu Association on February 26, 50 million won was donated to the Seomsu Association as a power generation fund for the win-win development of the textile industry community. This is the first case of a power generation fund donated by a member company since the establishment of the Seomsu Association. On this day, President Lee Bok-hwa donated the power generation fund on behalf of Chairman Oh Byung-chul, and Bang Joo-deuk, chairman of the Seomsu Association, delivered a plaque of appreciation and thanked him.

Chairman Bang Joo-deuk said, "I would like to thank Chairman Jung Woo-bi and Oh Byung-chul for donating a large amount of 50 million won as the first power generation fund donated to the association. This donation will be useful in places that are essential for the development of the textile industry, and although the internal and external business environment is not good, I hope that all of the association's member companies will make good results in textile exports and raise a lot of power generation funds that can contribute to the textile industry."

In addition, part of the 100 million won donated by Chairman Oh at the end of last year was used for scholarships for children of textile workers in the island's textile industry and long-term service contributions.

Every year, through the development fund and book delivery

Practicing "development of alma mater and love for juniors."

As part of his efforts to give back to society, Oh has shown special interest in nurturing talented people and has been giving generous support. He is particularly sincere in developing his alma mater and practicing his love for juniors.

A 32-year-old graduate of Jungwoo Elementary School in Jeongeup, North Jeolla Province, Oh has donated W12 million to his alma mater every year since 2021. The development fund is being used to purchase educational equipment and books, support school sports and arts activities, and support student welfare and autonomous activities.

In addition, in the aftermath of the low birth rate caused by the departure of young people from rural and other regions, the number of enrolled students is decreasing every year, and in 2022 and 2023, they delivered 200,000 won to 500,000 won in admission congratulations per enrolled student, respectively. In addition, it purchases books necessary for all students and delivers them to its alma mater.

Reporter Kim Sung-joon tinnews@tinnews.co.kr