K Bank Donates 12,500 Briquettes to Yeontan Bank

On the 22nd, K Bank delivered 12,500 briquettes to Bapsang Community Briquette Bank to help neighbors in need have a warmer winter. The photo shows K Bank President Lee Moon-hwan (right) and Bapsang Community Briquette Bank CEO Heo Gi-bok delivering briquettes in Changsin-dong, Jongno-gu, Seoul. Photo by Lee Moon-hwan

[Asia Economy Reporter Kim Hyo-jin] K Bank, an internet-only bank, announced on the 22nd that it donated 12,500 briquettes to Bapsang Community Briquette Bank (hereinafter Briquette Bank) to support neighbors marginalized during the COVID-19 pandemic.

The briquettes donated by K Bank are scheduled to be delivered to jjokbangchon (small room villages) in areas such as Jongno-gu and Yongsan-gu in Seoul. Although employee briquette volunteer activities were initially planned, only a delivery ceremony was held in compliance with quarantine guidelines considering social distancing measures.

K Bank has conducted non-face-to-face financial education annually as part of its social contribution activities, but this year, considering the sharp decline in briquette donations due to COVID-19, it decided to support briquette donations.

According to the Briquette Bank, briquette donations from January to November this year decreased by about 30% compared to the previous year. Despite the onset of severe cold waves, briquettes are not being delivered to marginalized neighbors.

Lee Moon-hwan, CEO of K Bank, said, "As Korea's first internet-only bank, we will take the lead in practicing warm and inclusive finance," adding, "We will continue to promote social contribution activities that support both the bank's growth and the welfare of our neighbors."

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