Heungkuk Fire & Marine Insurance Signs Business Agreement with Areumdawoon Store for Sharing and Circulation

Kwon Jung-won, CEO of Heungkuk Fire & Marine Insurance (right), is signing a business agreement for the "Beautiful Promise for Sharing and Circulation" with Yoon Yeo-young, Executive Director of Beautiful Store, at the headquarters in Gwanghwamun, Seoul, on the 28th.

[Asia Economy Reporter Oh Hyung-gil] Heungkuk Fire & Marine Insurance announced on the 29th that it has signed a business agreement with Areumdawoon Gage (Beautiful Store) for a "Beautiful Promise for Sharing and Circulation."

Heungkuk Fire & Marine Insurance plans to launch insurance products that align with social issues and carry out various social contribution activities together with Areumdawoon Gage.

First, they will conduct a donation campaign for the mini insurance product "Direct Practical Insurance." Heungkuk Fire & Marine Insurance will allocate a portion of the sales amount from each insurance product sold as a donation fund and deliver it to Areumdawoon Gage. The donation will be used to support single-parent families and grandparent-headed families with children at high risk of infectious diseases for COVID-19 prevention and damage relief.

The Direct Practical Insurance, launching at the end of this month, guarantees 5 million KRW over three years for death caused by specific infectious diseases including COVID-19. Insurance enrollment is available through the Heungkuk Fire & Marine Insurance or Areumdawoon Gage websites.

A representative from Heungkuk Fire & Marine Insurance said, "We signed the agreement with Areumdawoon Gage to help those struggling due to COVID-19 and to continue donations steadily," adding, "We will actively practice activities for sharing and circulation."

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