Korea Eximbank Provides Emergency Relief Funds of 250 Million Won to Daegu and Gyeongbuk

Donation of 100 million KRW to support elderly living alone facing difficulties due to closure of senior centers and other facilities
50 million KRW worth of flowers to be purchased to support flower farms and 100 million KRW worth of goods to be purchased from local small businesses

Visiting Kyu Bang, President of the Export-Import Bank, is delivering a greeting at the agreement ceremony for the secondary battery industry promotion industry-finance cooperation program held on the 9th at LG Science Park in Magok, Gangseo-gu, Seoul. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Jo Gang-wook] The Export-Import Bank of Korea announced on the 12th that it has donated 100 million won to the Comprehensive Support Center for Elderly Living Alone to help small business owners and elderly people living alone in the Daegu area who are struggling due to the impact of the novel coronavirus infection (COVID-19).

The Comprehensive Support Center for Elderly Living Alone plans to use the donation from the bank to purchase rice, easy-to-eat nutritional meals, and other items from small business owners in traditional markets in Daegu, then create 'food kits' to provide to elderly people living alone in Daegu who need assistance.

A bank official said, "Small business owners in Daegu are facing great difficulties such as decreased sales due to the spread of COVID-19, and elderly people living alone often skip meals because social welfare facilities are closed," adding, "We hope the bank's donation will help stabilize the lives of elderly people living alone in Daegu and provide some support to small business owners who are struggling."

In addition, the bank plans to purchase flowers worth 50 million won to support flower farmers suffering from poor sales due to the cancellation of graduation and entrance ceremonies caused by the spread of COVID-19. To revitalize the local economy, the bank will also purchase goods worth 100 million won from small business owners in the respective regions through its 13 branches and offices nationwide.

Earlier, on the 20th of last month, the bank donated 50 million won to the Hope Bridge Korea Disaster Relief Association as part of emergency relief efforts for COVID-19 victims.

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