Seogeumwon and Sinbokwi Donate 130 Million Won to Daegu and Gyeongbuk

Lee Gye-moon, President of the Korea Inclusive Finance Agency and Chairman of the Credit Recovery Committee

[Asia Economy Reporter Kim Min-young] The Korea Inclusive Finance Agency and the Credit Counseling & Recovery Service announced on the 5th that they will donate 130 million won to support low-income and vulnerable groups in the Daegu and Gyeongbuk regions who are struggling due to the spread of the novel coronavirus infection (COVID-19).

The Korea Inclusive Finance Agency and the Credit Counseling & Recovery Service decided to prioritize and support necessary supplies after listening to the voices from the field in the Daegu and Gyeongbuk regions.

The Korea Inclusive Finance Agency will deliver 10 million won in donations, raised through the voluntary participation of its employees, to the Community Chest of Korea to support medical expenses for small business owners and vulnerable groups in the Daegu and Gyeongbuk regions. Additionally, they will provide 3,000 masks to Cheongdo Daenam Hospital in Gyeongbuk, where urgent support is needed due to a COVID-19 cluster infection.

The Credit Counseling & Recovery Service, together with six financial associations including the Financial Supervisory Service and the Korea Federation of Banks, plans to donate approximately 100 million won worth of convenience foods such as cup noodles for self-quarantined individuals and medical staff in the Daegu and Gyeongbuk regions through the Korean Red Cross, using the ‘New Hope Healing Fund,’ a social contribution fund from the entire financial sector. Furthermore, 10 million won from the Hope Ladder Fund, a donation fund collected from employees’ salary rounding, will also be used to support medical expenses for vulnerable groups.

Lee Gye-moon, Director and Chairman, stated, “We hope that the donations raised through the voluntary participation of employees and related organizations will help small business owners and other low-income and vulnerable groups who are suffering due to the spread of COVID-19. The Korea Inclusive Finance Agency and the Credit Counseling & Recovery Service will do their best to help the underprivileged overcome the damages caused by COVID-19.”

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