Kamco Donates 100 Million KRW for Heavy Rain Damage Recovery Fund
Delivery of Employee Donations and Support for Recovery from Heavy Rain and Stabilization of Disaster Victims' Livelihoods
Employees of Korea Asset Management Corporation (KAMCO) Gwangju Jeonnam Regional Headquarters are conducting volunteer activities such as cleaning flooded households in Sinri Village, Gokseong-gun, Jeonnam, which suffered severe damage from record-breaking heavy rain on the 12th.
View original image[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) announced on the 20th that it has donated 100 million KRW, raised by its employees, to support recovery efforts in seven areas designated as special disaster zones due to prolonged heavy rains: Anseong-si in Gyeonggi Province; Cheorwon-gun in Gangwon Province; Chungju-si, Jecheon-si, and Eumseong-gun in Chungbuk Province; Cheonan-si and Asan-si in Chungnam Province; as well as the Busan area.
Moon Sung-yoo, President of KAMCO, said, “Our employees have come together to offer some help to those who lost their homes due to the unprecedented long rainy season and heavy rains. KAMCO will continue to serve as a strong safety net for the national economy and will not neglect its role in protecting the hopes of neighbors in need and supporting their recovery.”
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KAMCO stated that it is fully committed to COVID-19 recovery support by operating corporate asset sales support programs, purchasing individual delinquent debts, and reducing rental fees for national and public properties. It is also running a credit recovery support program that defers principal repayments for six months for debtors residing in areas affected by the heavy rains.
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