Shinhan Financial Hope Foundation Promotes Community Post-COVID Response Joint Model Contest Project

Social Welfare Community Chest and Group's COVID-19 Relief Project 'Hope Together 3rd Campaign' Underway

Cho Yong-byeong, Chairman of Shinhan Financial Group (Chairman of Shinhan Financial Hope Foundation)

[Asia Economy Reporter Kim Hyojin] Shinhan Financial Hope Foundation announced on the 3rd that, together with the Community Chest of Korea, it will recruit applications for the 'Post-COVID-19 Community Response Alliance Model Contest Project' worth a total of 1 billion KRW from the 6th to the 24th.

This project is a social contribution program jointly planned by Shinhan Financial and the Community Chest of Korea to support communities and their members who are experiencing economic crises and difficulties maintaining daily life due to the novel coronavirus infection (COVID-19). The alliance model refers to a collective formed by signing a memorandum of understanding (MOU) among nonprofit organizations, social economy enterprises, and local governments at the community level to solve community problems together.

This contest project accepts applications from alliance model units, and through a screening process, the Community Chest of Korea will select a total of three alliance models. Each selected alliance model will be supported with up to 400 million KRW in project funds.

The selected alliance models plan to carry out various projects to address COVID-19 damages, such as social welfare support including medical support for vulnerable groups affected by COVID-19, establishing quarantine systems, and supporting local economic revitalization.

Applications for this contest project can be submitted on the Shinhan Financial Hope Foundation website and the Community Chest of Korea website by each city and province unit.

A representative of Shinhan Financial Hope Foundation said, “This project was planned to solve community problems caused by COVID-19,” adding, “We will consider gradually expanding the project to establish it as a successful community-based social contribution project and will spare no support to achieve this.”

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