"End of the Monsoon"... Banks Roll Up Sleeves for Damage Recovery by Digging Soil and Raising Donations Themselves

[Asia Economy Reporter Park Sun-mi] Amid widespread flood damage across the country caused by the longest rainy season in history, major banks are mobilizing all their branches and employees to provide direct support for recovery efforts. The atmosphere encourages volunteer activities involving employees themselves, not just donations and financial support.

According to the banking sector on the 16th, NH Nonghyup Bank began recovery work for the heavy rain damage this month, with 783 employees participating across 33 regions nationwide. They are conducting various recovery activities such as restoring flooded farms, rebuilding livestock barns, and disposing of greenhouse waste, while providing necessary relief supplies like food and construction materials according to the affected areas.

Bank President Sohn Byung-hwan also visited Hwage Market area in Hwage-myeon, Hadong-gun, which suffered severe damage from the heavy rain, and Hwage Akyang Nonghyup to check the recovery status and manpower support, and to explore financial service support measures for farmers and local residents. NH Nonghyup Bank plans to mobilize about 3,000 employees from branches nationwide to participate in recovery activities until the end of August, as the heavy rain damage is severe nationwide.

KB Kookmin Bank has rolled up its sleeves to raise funds for flood damage recovery. Since the 14th, KB Kookmin Bank has been conducting a "Flood Damage Recovery Fundraising Campaign with the People" in cooperation with the Hope Bridge Korea Disaster Relief Association until the end of this month. Customers with Kookmin Bank accounts can easily donate through ATMs, internet banking, smartphone banking, and phone banking. Kookmin Bank is also providing additional matching donations up to 500 million KRW.

Shinhan Bank provides essential quarantine supplies such as masks, hand sanitizers, and gloves to employees who wish to volunteer for disaster recovery to ensure safety and compliance with COVID-19 prevention guidelines. Additionally, they offer one day of paid leave. This is to foster a continuous atmosphere of support rather than a one-time activity. Woori Financial Group also dispatched relief meal vehicles and employee volunteer teams to the Chungbuk region, which was damaged by the heavy rain from the 5th to the 7th, to assist directly with recovery efforts.

Meanwhile, the longest rainy season in the central region, which lasted for 54 days, ended on this day. The Korea Meteorological Administration announced that the rainy season in the central region ended as the stationary front moving northward brought rain to northern Gyeonggi and northern Gangwon Yeongseo until the morning, then moved further north. The rainy season in the central region started on June 24 and lasted for 54 days until this day, surpassing the previous longest record of 49 days set in 2013.

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