Shinhyup Provides 200 Million KRW in Living Stability Support Funds to Vulnerable Groups... Double the Amount from Last Year

Over 2 Billion KRW in Living Stability Support Funds to Be Distributed to 64 Union Members

[Asia Economy Reporter Song Seung-seop] The Credit Union Social Contribution Foundation announced on the 19th that it will expand the operation of the 'Love for All Campaign,' a livelihood support project for families in crisis.

Considering the worsening economic situation due to COVID-19, the foundation will nearly double the number of beneficiaries and the amount of donations compared to the previous year. It plans to provide more than 200 million KRW in livelihood stabilization support funds to 64 members selected through recommendations from credit union employees nationwide.

The campaign began in 1998 when credit union employees voluntarily raised donations to help members experiencing financial difficulties. Until last year, a total of 1.64 billion KRW was provided to 505 families in crisis who were in welfare blind spots within local communities.

Kim Yoon-sik, chairman of the Credit Union Social Contribution Foundation, said, "It is the social role of credit unions to alleviate economic difficulties by identifying and supporting vulnerable welfare groups," adding, "We hope to bring hope to families in crisis who are facing hardships."

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