S-OIL donates 10 bil. won to restore Taehwa Pavilion in Ulsan
● Groundbreaking ceremony for the restoration of Taehwa Pavilion, the historic and traditional symbol of Ulsan, at the side of the Taehwa River
- S-OIL is to donate 10 bil. won, the entire sum for restoration, and to complete restoration in 2014.
- S-OIL CEO Al-Mahasher says, “We will return Ulsan citizens’ love for S-OIL with social contribution to Ulsan as a corporate citizen.”
Public attention has been drawn to S-OIL’s announcement to donate 10 bil. won to restore Taehwa Pavilion, the historic and cultural symbol of Ulsan.
S-OIL CEO Nasser Al-Mahasher said on May 31 that he will participate in the groundbreaking ceremony for the restoration of Taehwa Pavilion held at the side of the Taehwa River in Jung-gu, Ulsan and that S-OIL will donate 10 bil. won, the entire sum required for the restoration thereof to boost Ulsan’s cultural pride and to provide a pleasant resting and cultural place for its people.
Taehwa Pavilion, which was established when Queen Seondeok reigned as queen of Silla, is one of the three representative pavilions of the Yeongnam region along with Yeongnam Pavilion in Milyang and Chokseok Pavilion in Jinju.
Under the sponsorship of S-OIL, the main pavilion building which comprises seven partitions in the front and three at the side (column bracket structure), haengrangche (servant’s quarters), Daemunche (outer servant’s quarters), and Sajumun (gate), etc., which were burnt out during the Seven Year War with Japan, will be restored on the land of 10,403 ㎡ at 91-2-beongji, Taehwa-dong, Jung-gu, Ulsan City in 420 years. The restoration work will be completed in March 2014.
“We decided to donate the entire sum required for the restoration of Taehwa Pavilion in order to return Ulsan citizens’ love for S-OIL as a corporate citizen that has grown together with the Ulsan community and also to fulfill our social responsibility faithfully,” said CEO Al-Mahasher. “I hope that Taehwa Pavilion will become a cultural symbol that will revive the historic and traditional value of Ulsan and will serve as a comfortable resting place for citizens.”
Meanwhile, S-OIL is the first corporation that established a welfare foundation in Ulsan, which houses its refinery, and it has donated 4 bil. won or so to help local farmers, people in need, disabled people, youth, and welfare facilities and organizations since 2007. Also, the refiner is actively conducting Mecenat activities, supporting Oh Young-soo Literature Festival, Nunbit Art Festival, and Byeongyeongseo Nangchigi (traditional performance) in order to promote the development of the local culture.
