With the aim of promoting public welfare and contributing to social benefits in Korea, the Daewoo Foundation is dedicated to supporting projects that foster balanced growth for society at large, including areas beyond the scope of government and enterprises. These projects have been primarily funded by the late Daewoo Group chairperson Kim Woo Choong since 1978 and undergo rigorous selection for development based on five principles established by an external planning and research committee:
1) Things that should be there but are not there
2) Things that are in the shadow
3) Things that are capable of standing on their own with just a little help
4) Things that can take on a leading role
5) Things that can generate catalytic effects
Drawing on these principles, the Daewoo Foundation launched its first healthcare project to benefit remote islands and communities, which served as a model for subsequent initiatives in social welfare, academics, culture and arts, and educational support.
The Foundation reemerged as a prominent nonprofit organization and is preparing its works for a full century, building on the achievements and capabilities established over the past four decades.