Shinhan Bank China Limited, Donates 330 Million KRW in COVID-19 Relief Funds to Wuhan

[Asia Economy Reporter Kwon Haeyoung] Shinhan Bank's local subsidiary in China, Shinhan Bank (China) Co., Ltd., announced on the 4th that it has donated 2 million yuan (approximately 330 million KRW) to the Wuhan Charity Federation in Wuhan City, China, to aid recovery from and prevent the spread of the novel coronavirus infection (Wuhan pneumonia).

The Wuhan Charity Federation, established in 1993, is a nonprofit and public interest organization registered within the administrative district of Wuhan City. It is an officially designated donation recipient by the Wuhan Novel Coronavirus Prevention Headquarters. Over the past decade, it has provided various donations and supplies exceeding 100 million yuan to more than 230,000 people, earning social acclaim as a community organization.

The funds donated by Shinhan Bank (China) Co., Ltd. will be allocated and used according to circumstances such as the spread of infection, urgent needs, and equitable resource distribution, based on relevant regulations including the Chinese Charity Law, through a specialized fund for novel coronavirus prevention established by the Wuhan Charity Federation.

A Shinhan Bank official stated, “Shinhan Bank (China) Co., Ltd. is conducting various corporate social responsibility (CSR) activities such as donations, volunteering, and economic education through 18 branches and the head office in China,” adding, “We hope this donation will be used valuably for medical support to Wuhan residents and for preventing the spread of the virus.”

This content was produced with the assistance of AI translation services.