IPARK Hyundai Development donates W83m to welfare platform Barroit

IPARK Hyundai Development announced Tuesday that it has donated funds to Barroit, a social contribution platform, to support social welfare services and local communities.

The company held a donation ceremony with the Korea Council of Social Welfare on Monday at COEX in Gangnam-gu, Seoul, on the sidelines of the third Social Value Festa. Korea Council of Social Welfare Chairman Kim Hyun-hoon and IPARK Hyundai Development Director Shin Wang-seop attended the ceremony.

Barroit is a social contribution platform operated by the Korea Council of Social Welfare that connects businesses with local communities and social welfare organizations. Through the donation, IPARK Hyundai Development said it plans to strengthen public-private cooperation through the platform and consistently expand its social contribution activities to deliver tangible benefits to local communities.

"We hope this donation helps connect businesses, local communities and social welfare organizations on the ground, and contributes to creating new social value," a company official said. "We will continue to carry out social contribution activities that communities can truly feel."

Meanwhile, Hyundai Development Company rebranded as IPARK Hyundai Development in March to strengthen its housing brand competitiveness. Its Iksan Busong Ipark development recently received the top residential culture service award at The Herald Business's "Home I Want to Live In 2026."