IBK, Donation Delivered to Wuhan Red Cross Society in China

400 Relief Kits Provided for Disaster Victims by Local Governments in Korea

[Asia Economy Reporter Kwon Haeyoung] IBK Industrial Bank of Korea announced on the 5th that it donated 2 million yuan (approximately 340 million KRW) to the Wuhan Red Cross Society in China through its Chinese branch and supported 400 relief kits for disaster victims to local governments in Korea.

The Wuhan Red Cross Society is an official sponsoring organization designated by the Chinese government. The donation will be used to support the Wuhan area affected by the spread of the novel coronavirus infection.

The relief kits provided to domestic local governments consist of toiletries, masks, underwear, blankets, and more. They were supplied to Jincheon-gun, Asan-si, Goyang-si, and others. These kits were produced last year by IBK Industrial Bank of Korea in cooperation with the National Disaster Relief Association (Chairman Song Pilho) to prepare for disaster situations.

IBK Industrial Bank of Korea is the only domestic bank with a branch in Wuhan among Korean banks operating in China. On the 31st of last month, two headquarters employees temporarily returned to Korea via charter flight and are currently staying in Jincheon. Son Daehyeop, the Wuhan branch manager, is continuously communicating with local Wuhan staff from Jincheon to monitor the local situation. The Chinese branch is providing relief supplies such as masks and gloves to local Wuhan employees.

The Wuhan branch is currently managed directly under IBK's Chinese branch. Once the situation stabilizes, the headquarters employees are expected to return to the local branch.

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