_{Joint Press Release}

 

BASF Korea contributes 200,000 EUR to Ewha Womans University’s Ewha Future Strategy Fund

 

Seoul, Korea, March 18, 2020 – BASF Korea has contributed a total of 200,000 EUR (approx. 260 million KRW) to the Ewha Future Strategy Fund for supporting women’s education for future women leaders. The donation ceremony took place in Ewha Womans University’s Pfeiffer Hall on March 16.

“We are grateful to BASF, a global company, for this meaningful contribution” said Heisook Kim, President of Ewha Womans University. “We look forward to working together in areas such as chemicals and medicine, fostering a creative and productive relationship between Ewha Womans University and BASF.”

“BASF Korea is continuously searching for opportunities to exchange and cooperate with academia, and we are thrilled to be able to form this valuable relationship with Ewha Womans University,” said Young-Yull Kim, Representative Director of BASF Korea. “BASF is working towards increasing the proportion of women in leadership positions to 30% worldwide by 2030, as part of the company’s efforts for growth and social value creation. We look forward to working with great women as we strive to reach this goal.”

Representative Director of BASF Korea, Young-Yull Kim and employees from BASF Korea participated in the donation ceremony, along with Ewha Womans University President Heisook Kim, Executive Vice President of External Affairs Dae Seok Choi, Vice President of the Office of University Relations and Development Yoomi Choi, Vice President of the Office of University Planning and Coordination Sae Kyung Yu, and previous Vice President for University Planning and Coordination Hyung-Suk Choi.

In recognition of BASF Korea’s contributions, BASF’s name will be inscribed on the Ewha Donors Wall and a commemorative board will be added to the SW Tutoring Lounge at the university.

About BASF in Korea

BASF has been a committed partner to Korea since 1954. As a leading foreign investor in the chemical industry in Korea, BASF operates eight world-scale production sites in the country. The company also maintains the regional headquarters of its Electronic Materials business and the Electronic Materials R&D Center Asia Pacific in Suwon. In addition, three technical development centers are located across Korea. In 2019, BASF posted sales of approximately €1.3 billion to customers in Korea and employed 1,142 employees as of the end of the year. Further information is available on the Internet at www.basf.com/kr.

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.