Shinhyup Supports Local Community Contribution Projects with 500 Million KRW Funding

Social Contribution Reflecting Regional Characteristics Since 2015
Support for 88,080 Vulnerable People

On the 12th, representatives from nationwide cooperatives and the Dusonmoa Volunteer Group attending the inauguration ceremony held at the Daejeon Credit Union Central Training Center are taking a commemorative photo.

[Asia Economy Reporter Song Seung-seop] The Shinhan Credit Union Social Contribution Foundation announced on the 17th that it held the launch ceremony for the '2021 Shinhan Credit Union Our Neighborhood Eobbuba' project, which supports community-based social contribution activities of credit unions nationwide and the Dusonmoa Volunteer Group.

The launch ceremony held at the Daejeon Shinhan Credit Union Central Training Center was attended by 33 member credit unions nationwide, including 23 general credit unions and 10 small credit unions selected through a public contest, reaffirming their commitment to the project's progress.

In particular, the foundation expects that the newly established 'small credit union' category for those with assets under 50 billion won will help reduce regional disparities in Shinhan Credit Union's social contribution activities and promote balanced development between regions.

The 2021 Our Neighborhood Eobbuba project will promote various initiatives from next month until November to improve the welfare of local residents and solve community issues. With a total budget of 500 million won, the project plans to carry out activities such as ▲care for elderly people in vulnerable groups ▲humanities classes for local residents ▲support for Korean history proficiency certificates for children from multicultural families ▲free traditional Korean medicine home visits for vulnerable households ▲creation of local attractions with local artists.

The 'Shinhan Credit Union Our Neighborhood Eobbuba' project is a community-tailored social contribution activity reflecting the characteristics and issues of local communities, aiming to improve the quality of life of local residents. It started in 2015 as a project of the Dusonmoa Volunteer Group composed of Shinhan Credit Union employees and executives and has expanded into a nationwide public contest project since 2019. Since its establishment in 2015, over 13,000 Shinhan Credit Union employees and members have participated, supporting more than 88,000 vulnerable people over six years.

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