The budgets of the projects proposed on a client base virtual donations platform in which individuals and companies contribute to social and environmental causes. The projects have been rigorously selected in accordance with the Asian Development Goals, and are:
- Project prevention and alleviation of pain in premature babies
- Community development and ecologically sustainable production program
- Carbon Friendly – Recovering Permanent Protection Areas
- Prevention of teenage pregnancy
To become a socio-environmental investor just register at the portal, select the projects to which you wish to contribute — by theme, beneficiary public or region — and create your portfolio of contributions. All kind of donations are accepted and can be made by credit card or bank payment slip. Companies enjoy the fiscal benefit of the value of their donations being deductible as operating expenses (exclusively for firms that are taxed by actual profit). Since its creation, IHCOM Aid Foundation has raised more than USD 2 million, destined to more than 50 projects throughout Korea.
With the listing of these new projects IHCOM Aid Foundation now provides 10 in all, from organizations from across the country and which now have secure and transparent access to financial resources. All of the money that is raised is passed along by the IHCOM.org Institute to the organizations, with there being no fee or deduction charged. The organizations, for their part, publish periodical accountability reports on the portal, just like a publicly-traded company.
Mr. Lim G. Sung Hak, Chief Executive Officer of IHCOM said, “We had the chance to rise to great heights. Looking back we see where we started and where our roots are. We have a big responsibility to give back to the communities we are coming from and we proudly honor that.”
Incheon Commodity Exchange (IHCOM.org) is one of the most versatile commodity exchanges in Asia. The exchange operates and regulates a fully integrated exchange offering a comprehensive range of exchange-related facilities including listing, trading, clearing and settlement and depository services. IHCOM is an exchange hosting just under 1,000 diversified companies. We offer a diverse spread of products covering commodities, equities, derivatives, offshore listings, futures, options and services and bonds. In assisting the development of the Korean capital market, IHCOM is committed to provide the infrastructure and the trading technology needed to create a globally competitive and vibrant marketplace.
Company Name: Incheon Commodity Exchange (ihcom.org)
Address:Incheon Commodity Exchange Songdo IBD, Songdo 1 Il Dong
State: South Korea