Korea Development Bank Donates 30 Million Won to 10 Artists Affected by COVID-19 Performance Cancellations

'KDB Warm Companion' 37th Sharing Practice... Total Donation of 440 Million Won Delivered

Lee Young-jae, Head of Management Division at Korea Development Bank (left), is presenting a sponsorship donation to Jung Hee-seop, CEO of the Korea Artists Welfare Foundation, and posing for a commemorative photo on the 10th.

[Asia Economy Reporter Kangwook Cho] Korea Development Bank (KDB) announced on the 10th that it has selected 10 artists facing difficulties such as performance cancellations due to COVID-19 as the 37th beneficiaries of the 'KDB Warm Companionship' program and delivered a total of 30 million KRW in sponsorship funds to help them continue their artistic creative activities.

The beneficiaries were selected by receiving recommendations for 10 artists who matched the sponsorship purpose of the KDB Warm Companionship program from applicants of the Creative Preparation Fund support project conducted by the Korea Artists Welfare Foundation.

With this support from KDB Warm Companionship, an artist who had won the grand prize at the Chusa Calligraphy Competition and had faced great difficulties due to exhibition cancellations caused by COVID-19 was able to regain strength and start preparing a new traditional art exhibition. Additionally, a designated intangible cultural asset holder in the gugak (traditional Korean music) field, who had been preparing works while working part-time at a restaurant, was able to focus more on performance preparations. An independent film director, who could not receive production costs due to screening cancellations, was able to ease financial difficulties and fully concentrate on submitting and preparing for screenings at upcoming film festivals.

Other beneficiaries included poets and writers preparing publications, theater actors and drama supporting actors who consistently maintain their stage presence and attend auditions, performance planners, and broadcast MCs, representing a diverse range of artistic fields.

At the KDB Warm Companionship sponsorship fund delivery ceremony held at the Korea Artists Welfare Foundation on the same day, Lee Young-jae, Head of Management Division at KDB, and Jung Hee-seop, CEO of the Foundation, attended and pledged that both organizations would cooperate more closely to support the development of culture and arts and assist artists facing difficulties due to COVID-19.

KDB has selected beneficiaries with various backgrounds and, including this support, has delivered a total of 440 million KRW in warm sponsorship funds over 37 rounds.

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