Loan Industry Donates 30 Million Won for Flood Damage Recovery Support Fund

[Asia Economy Reporter Minyoung Kim] The Korea Credit Finance Association announced on the 20th that it has donated 30 million won to the National Disaster Relief Association to aid in the recovery from the heavy rain damage.

This donation was jointly collected by the Credit Finance Association and 22 major lending companies including MH Finance Credit, A-One Credit Capital, Hanbit Asset Management Credit, Nexgen Finance Credit, and INB Asset Management Credit.

The funds will be used to support disaster relief supplies and the restoration of flood-affected areas. The lending industry has consistently raised and donated funds whenever national disasters occurred, such as last year's wildfires in Gangwon Province and this year's COVID-19 pandemic.

Im Seungbo, president of the Credit Finance Association, said, “We have united with our member companies to offer even a small amount of support to the flood victims who are in despair due to the heavy rains,” and added, “We hope those affected can return to a stable life as soon as possible.”

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