Export-Import Bank Donates 100 Million KRW for Heavy Rain Damage Recovery Fund

Flood-Damaged Companies Can Extend Loan Maturity Up to 1 Year
Main and Branch Offices, and Business Centers to Quickly Assess Situation

[Asia Economy Reporter Jo Gang-wook] The Export-Import Bank of Korea announced on the 11th that it has donated 100 million won to the Hope Bridge National Disaster Relief Association to help residents affected by the heavy rain.

The donation provided by the bank on this day will be used to supply relief goods such as food and daily necessities to disaster victims and to restore facilities in the affected areas.

In addition, the bank plans to extend the loan maturity by up to one year for client companies damaged by the heavy rain. Companies confirmed to be affected through a 'Disaster Damage Confirmation Certificate' (issued by the mayor, county governor, or district head according to the Framework Act on the Management of Disasters and Safety) are eligible.

The bank will promptly identify affected client companies through its headquarters, branches, and offices.

President Bang Moon-kyu said, "I hope this support will help residents and companies affected by the heavy rain return to their daily lives quickly," adding, "We will continue to promptly participate in relief activities and damage support whenever disaster situations occur."

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