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Multinational drugmakers donate 25.9 bln won in S. Korea last year

All Headlines 10:35 April 24, 2018

SEOUL, April 24 (Yonhap) -- A total of 26 multinational drug companies donated a combined 25.9 billion won (US$24 million) in South Korea in 2017, industry data showed Tuesday.

According to the data by the Korea Research-based Pharma Industry Association, 26 of its 41 member companies made the donations to the society last year, up 5 percent from a year earlier.

The 2017 amount accounts for 0.48 percent of their total revenues, data showed. The comparable ratio came to 0.47 percent in 2016.

"We will help the Korean society develop meaningfully through various kinds of corporate social responsibility activities," the association said in a press release.

The donation includes money donated to various charities, as well as goods and merchandise used during corporate social responsibility activities, it said.


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