Shinhan Bank, COVID-19 Social Issue Resolution Project Idea Contest

[Asia Economy Reporter Haeyoung Kwon] Shinhan Bank announced on the 20th that it will implement 'Good Connect,' a program that solicits various support project ideas to address multiple social issues arising from the spread of the novel coronavirus infection (COVID-19).

This project is being implemented to raise social awareness and spread the will to overcome COVID-19 through soliciting project ideas for citizens going through difficult times due to COVID-19. It is funded by 500 million KRW raised through Shinhan Bank's employee donation program, 'Shinhan Family Ten Thousand Won Sharing Donation.'

Participants can be individuals, non-profit organizations, or corporations. The contest fields include ▲support for socially vulnerable groups ▲promotion of stagnant consumption ▲support for local businesses and small merchants ▲plans to revitalize the local economy through culture and arts, among others. Applications can be submitted on the Naver Happy Bean Good Action platform from the 20th of this month until the 3rd of next month. Afterwards, five top project ideas will be selected through expert review and netizen voting, and project support funds will be distributed.

Shinhan Bank plans to prioritize projects that can serve as a catalyst to help beneficiaries achieve social and economic independence rather than one-time support such as goods donation and delivery.

A Shinhan Bank official said, "Through the warm donations of Shinhan Bank employees, we will realize the value of sharing and provide strength to the people suffering from COVID-19 to overcome it," adding, "We hope that the will to overcome COVID-19 will spread nationwide through this Good Connect contest project."

Meanwhile, since 2012, Shinhan Bank has been practicing the 'Shinhan Family Ten Thousand Won Sharing Donation,' where all employees donate 10,000 KRW monthly from their salaries in agreement with the labor union. Over eight years, a total of about 6.5 billion KRW has been delivered to 1,142 organizations.

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