Twenty major businesses from the Republic of Korea (RoK) including the Shinhan Bank, Hanwha Life Insurance and Hana Tour have pledged to sponsor social activities in the south of Vietnam, reported the Sai Gon Giai phong (Liberated Saigon) daily.

The RoK Consulate General and the RoK Chamber of Commerce and Industry inked a memorandum of understanding on June 16 with Vietnamese media outlets communicating the firms’ corporate social responsibility in the southern region.

The Vietnamese side includes Sai Gon Giai phong, the Vietnam-Korea Times of the Vietnam News Agency, and the Tien phong (Vanguard) daily newspaper.

At the signing ceremony, RoK Consul General Park Noh-wan said more than 3,400 companies from his country are doing business in Vietnam and employing over 1 million local workers. About 2,000 enterprises are running projects in HCM City and neighbouring provinces, specifically.

A number of RoK businesses have been donating to charitable work in Vietnam, he noted, adding that he hopes the communications will encourage contributors and advocate for more corporate social responsibility.-VNA