Established in May 2007, Happy Fund is a system wherein all employees of Nongshim donate part of their salaries to be used as financial contributions to society. Since donating a large sum of money at one time imposes a burden on employees, they are asked to donate KRW1,000 of their monthly salaries ? an affordable amount for them ¡ª for each Happy Fund account. Therefore, if 10 Happy Fund accounts are opened, KRW10,000 is deducted from the salary every month.
Allocations of Happy Fund: Allocating Happy Fund to each Social Service Corps when KRW50 million is raised.
Donating is done at the workplace's discretion, although supporting orphans, malnourished children, and handicapped teenagers is the priority.
Providing North Koreans with instant noodles and Happy Fund.
- The Nongshim Social Service Corps sends 200 boxes of instant noodles every month through the Republic of Korea National Red Cross.
- 20 percent of the Happy Fund in each workplace is used for provid ing food support particularly noodles every month.
- 80 percent of the Happy Fund in each workplace is given back to them to promote contribution to society aggressively; the shortage(around KRW1 million every month) in providing North Koreans with instant noodles is subsidized by a Social Service Corps in the head office.