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The Pohang Iron and Steel Co., one of the world's top steel producers, has donated $55,000 to the Moon's Book Club of Hawaii. Steel company donates
$55,000 for Korean-
language booksStar-Bulletin staff
The donation will be used to establish an endowment fund to buy Korean-language books for Hawaii's public libraries.
At the McCully-Moiliili Public Library recently, Byung-Chang Yoo, vice president of POSCO, presented a check to the club.
The club in turn will donate the money to the Hawaii Library Foundation.
The foundation will manage the endowment fund.
Interest earned from the fund will be used by Moon's Book Club to purchase Korean-language materials.
The Moon's Book Club was launched by Mrs. Sook Ki Moon.
After learning foreign materials would be limited in the Hawaii State Library System due to fiscal constraints, Moon donated money and contacted Kyobo's Book Centre in Korea to obtain a 10 percent discount on all future purchases.
She then persuaded Korean Airlines to transport the books for free.
Moon recruited family and friends to help transliterate Korean books into English to assist staff in cataloging the items in libraries.
McCully-Moiliili Public Library houses the largest Korean-language collection in the Hawaii State Public Library System, with more than 8,000 items.
The entire state library system has a total of 9,735 Korean-language materials in its collection.