Milal Welfare Foundation and KB Insurance Renovate Two Group Homes in Yeosu and Jecheon

[Financial News] The aging window frames and doors at two group homes for children, which house 12 children, have been replaced. Milal Welfare Foundation and KB Insurance completed renovations at both facilities ahead of winter.
According to Milal Welfare Foundation on the 13th, this year's 'KB Hope House Building' project supported Neulpureunjip (No. 59) in Yeosu, Jeonnam-Gwangju Integrated Special City, and Ongdalsaem Group Home (No. 60) in Jecheon, North Chungcheong Province. The foundation held a completion ceremony for No. 60 in Jecheon on the 12th and shared the results of the work.
Both facilities received new wallpaper. At Neulpureunjip, mold was removed and the flooring was replaced. At Ongdalsaem Group Home, the kitchen tiles and bathroom were repaired, and the electrical systems were also upgraded.
The foundation compared energy use and indoor conditions before and after the renovations with a specialist energy-efficiency assessment agency. The assessment estimated that annual energy use would fall by about 8.7% as a result of work including window replacements. The risk of condensation and mold in winter also dropped from the 'risk' to the 'low' level.
Child group homes, also known as group homes, provide children in need of protection with a home-like living space and care. The foundation accepted applications from child and youth group homes nationwide from July 1 to August 3 this year. The application notice set a construction-cost cap of 20 million won per facility.
The project began in 2005 with the establishment of its first 'Hope House' in Jinan County, North Jeolla Province. Milal Welfare Foundation has led the project since No. 45 in 2020. In 2022, KB Insurance expanded the program's support from individual households with poor housing conditions to group homes. The funding comes from the 'KB Hope Sharing Fund,' to which employees and executives voluntarily contribute each month.
A foundation official said, "Because the children live in these spaces every day, we examined each facility to identify areas needing repairs and carried out the work," adding, "We hope the children will live safely and comfortably in their newly renovated homes."
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