Financial Industry Public Interest Foundation Provides 400 Million KRW Annually in Medical Expenses Support for Medically Vulnerable Groups

Shin Sang-hoon, CEO of the Financial Industry Public Interest Foundation (left), and Lim Sang-hyuk, Director of Green Hospital, are posing for a commemorative photo at the "Medical Expense Support Agreement Ceremony for Vulnerable Workers and Undocumented Migrant Children" held on the 3rd.
[Photo by Financial Industry Public Interest Foundation]

[Asia Economy Reporter Song Seung-seop] The Financial Industry Public Interest Foundation announced that it will provide a total of 400 million KRW annually in medical expenses to medically vulnerable groups.

On the 3rd, the foundation held a business agreement ceremony with Nokseong Hospital to support a total of 400 million KRW annually in medical expenses for vulnerable workers and undocumented migrant children.

The agreement ceremony was attended by Shin Sang-hoon, Chairman of the Financial Industry Public Interest Foundation, and Lim Sang-hyuk, Director of Nokseong Hospital. Through this agreement, Nokseong Hospital will provide comprehensive health checkups, surgery, hospitalization, rehabilitation treatment, and medical interpretation services across 17 medical departments with 36 doctors. The Financial Industry Public Interest Foundation will support vulnerable groups in medical blind spots by providing medical expenses.

The foundation plans to strengthen support for labor groups with unstable employment, such as daily workers, special employment, subcontractors, the arts and broadcasting sectors, and small-scale manufacturing. By providing one-stop medical services from treatment to rehabilitation, it aims to reduce health disparities caused by income inequality.

Additionally, it will help undocumented migrant children residing in Korea, who cannot enroll in health insurance and thus cannot access medical services, to enjoy the right to medical access guaranteed by the UN Convention on the Rights of the Child.

Chairman Shin emphasized, “Despite operating a model and universal health insurance system, there are still shortcomings in guaranteeing universal health rights due to inequality and institutional deficiencies,” and added, “I hope the foundation contributes to reducing medical disparities.”

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