Shinhan Financial Group Launches Customized Support Program for Child Abuse Victims' Recovery

The Community Chest of Korea Signs Business Agreement with Good Neighbors

Cho Yong-byeong, Chairman of Shinhan Financial Group (center), is taking a commemorative photo after signing a business agreement to promote the 'Customized Support Project for the Recovery of Children from Crisis Families and Abuse Victims.'

[Asia Economy Reporter Kwangho Lee] Shinhan Financial Group announced on the 31st that it signed a business agreement with the Community Chest of Korea and Good Neighbors at the Community Chest of Korea located on Sejong-daero, Jung-gu, to promote a 'Customized Support Project for the Recovery of Crisis Families and Abused Children.'

Since 2018, Shinhan Financial has partnered with the Community Chest of Korea and Good Neighbors for three years to carry out a recovery support project tailored for vulnerable groups and a crisis family recovery support project composed of the Hope Hero Awards for social heroes.

Starting this year, in addition to the existing project contents, the 'Recovery Support Project for Abused Children,' which has recently emerged as a social issue, was added. Over three years, a total of 6.6 billion KRW will be allocated to support the recovery of crisis families and abused children.

First, the customized recovery support project for vulnerable groups consists of four programs: 'A Better Tomorrow' supporting living and housing expenses, 'A Brighter Tomorrow' supporting education and childcare expenses, 'A More Comfortable Tomorrow' supporting medical expenses, and 'A Stronger Tomorrow' supporting disaster relief expenses. Support of up to 10 million KRW per household will be provided.

The recovery support project for abused children will be conducted through three programs targeting children at 69 Child Protection Agencies nationwide and 76 shelters for abused children: 'Emergency Protection for Children' supporting medical treatment, daily necessities, and family reunification; 'Staff Support' for child protection shelters; and 'Care for Protected Children' reducing aftereffects of abuse through psychological therapy programs.

Additionally, the Hope Hero project, which rewards individuals or organizations who have acted righteously in society, will be expanded to include heroes who saved lives, heroes who practice sharing, and heroes who exert positive influence as role models in society.

Shinhan Financial Chairman Cho Yong-byeong said, "I hope this project will serve as a stepping stone for the recovery of crisis family members and abused children and become a path to new opportunities. We will continue to pursue ESG (Environmental, Social, and Governance) management and do our best to create a sustainable future where everyone changes together."

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