Export-Import Bank Supports Vehicles for 14 Multicultural Family Support Organizations Nationwide

Donated 14 Vehicles, 6 More Than Last Year... Total of 90 Vehicles Worth 1.65 Billion KRW Donated Over 10 Years
Bank President Bang: "Hope to Support Multicultural Families' Mobility and Revitalize Domestic Auto Market"

Bang Moon-kyu, President of the Export-Import Bank (center), is taking a commemorative photo after donating vehicles to 14 multicultural family support organizations nationwide on the 7th.

[Asia Economy Reporter Kangwook Cho] The Export-Import Bank of Korea announced on the 8th that it donated 14 vehicles (worth approximately 300 million KRW) to 14 multicultural family support organizations nationwide through the Community Chest of Korea.

Including this donation, since 2011, the bank has donated a total of 90 vehicles (worth approximately 1.65 billion KRW) to multicultural family support organizations across the country over the past 10 years. In particular, this year, the bank supported 14 vehicles to multicultural family support organizations, an increase of 6 vehicles (worth approximately 140 million KRW) compared to last year.

Bang Moon-kyu, President of the Export-Import Bank of Korea, said, "Considering the recent increase in multicultural families, we expanded the scale of support compared to last year," adding, "We hope this support will help multicultural families move freely and contribute a small part to revitalizing the domestic automobile market, which has been stagnant due to COVID-19."

Meanwhile, the bank, which operates the Economic Development Cooperation Fund (EDCF), is showing great interest and effort in supporting multicultural families in Korea.

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