JB Financial, 650 Million Won Donation to Overcome COVID-19

Kim Ki-hong, Chairman of JB Financial Group

[Asia Economy Reporter Kim Min-young] JB Financial Group announced on the 18th that it donated 650 million won to overcome the novel coronavirus infection (COVID-19).

JB Financial delivered 650 million won in donations to the Korean Red Cross and the Community Chest of Korea to prevent the spread of COVID-19 and support damage recovery.

This donation will provide 350 million won to support the Jeonbuk and Jeonnam regions, which are community-based, and 300 million won to the Daegu and Gyeongbuk regions. It will be used for medical support, quarantine activities, and livelihood support for vulnerable groups.

JB Financial is also actively engaged in social contribution activities such as blood donation campaigns, mask support, and revitalizing consumption in traditional markets.

Through its affiliates Gwangju Bank and Jeonbuk Bank, it is also actively providing financial support to individual and corporate customers, including maturity extensions, principal and interest repayment deferrals, and interest rate reductions.

Jeonbuk Bank and Gwangju Bank have each decided to inject 100 billion won in emergency management stabilization funds. In addition, the two banks are extending the maturity dates or deferring installment repayments of loans due for small and medium-sized enterprises and individual business owners severely affected by COVID-19 in sectors such as travel, lodging, restaurants, and import-export.

Kim Ki-hong, Chairman of JB Financial, stated, "We hope this will be of some help to the people suffering from COVID-19."

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