Hyundai Heavy Industries Group Donates 1 Billion KRW to Aid Flood Victims

[Asia Economy Reporter Hwang Yoon-joo] Hyundai Heavy Industries Group has stepped up to help recover from damage caused by heavy rains.

On the 5th, Hyundai Heavy Industries Group decided to donate 1 billion KRW to the Hope Bridge Korea Disaster Relief Association through the Group 1% Sharing Foundation.

They also promised to support relief equipment such as excavators and manpower for the rapid recovery of the affected areas. The Hyundai Heavy Industries Group 1% Sharing Foundation was established earlier this year through a 1% salary sharing initiative by the group’s employees.

Recently, record-breaking heavy rains centered in the central region have caused flooding and landslides, resulting in over 1,000 displaced people and significant human and property damage.

Kwon Oh-gap, Chairman of the Hyundai Heavy Industries Group 1% Sharing Foundation, said, "We hope that the donations made through employees’ salary sharing will provide strength to those facing difficulties," adding, "We will actively support many victims to return to a stable life."

Hyundai Heavy Industries Group has recently donated funds to minimize damage caused by the novel coronavirus (COVID-19) and launched a campaign to support farmers and fishermen through rural revitalization efforts. In addition, they have consistently engaged in relief activities by providing funds and equipment for disaster recovery such as the wildfires in Gangwon Province, rescue operations for Sewol ferry victims, the Great East Japan Earthquake, and floods in Brazil, both domestically and internationally.

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