IBK, 500 Million KRW Donated to Employee Suffering from Rare Disease

On the 8th, at the IBK Industrial Bank headquarters in Euljiro, Jung-gu, Seoul, President Yoon Jong-won (seventh from the left) and families of small business workers are taking a commemorative photo at the ceremony for delivering medical expenses. Photo by IBK Industrial Bank

[Asia Economy Reporter Kim Min-young] IBK Industrial Bank of Korea announced on the 8th that it held the ‘IBK Medical Expense Donation Ceremony’ at its Euljiro headquarters in Jung-gu, Seoul, and delivered 500 million KRW in medical expenses to 124 families of small and medium-sized enterprise (SME) workers suffering from rare and intractable diseases.

Yoon Jong-won, President of IBK, and executives participated in this medical expense donation ceremony by voluntarily contributing funds to support more families of SME workers.

Since 2006, IBK has supported over 2,600 families of workers battling rare and intractable diseases with 11.7 billion KRW in medical expenses, and provided scholarships totaling 14.5 billion KRW to more than 8,600 children of workers from financially disadvantaged backgrounds to improve the welfare of SME workers.

An IBK official stated, “We hope this warm message of hope reaches the families of SME workers who are facing double hardships due to the recent COVID-19 pandemic, and we will continue to provide support for medical expenses and scholarships going forward.”

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