NH Investment & Securities Donates 102 Electric Stoves to Village Communities in Sancheong-gun, Gyeongnam

NH Investment & Securities held an event on the 7th at the Sangcheong County Office in Gyeongsangnam-do to donate 102 electric stoves. Jung Yong-seok, Vice President of NH Investment & Securities (second from the left), is taking a commemorative photo with Lee Jae-geun, Sangcheong County Governor (center), and other officials. From the left: Han Dong-seok, Head of NH Nonghyup Sangcheong County Branch; Jung Yong-seok, Vice President of NH Investment & Securities; Lee Jae-geun, Sangcheong County Governor; Park Chung-gi, Chairman of Sangcheong County Nonghyup; Choi Young-sik, Head of NH Nonghyup Bank Gyeongnam Sales Headquarters. Photo by Jung Yong-seok

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities announced on the 8th that it held a delivery ceremony on the 7th at the Sangcheong County Office in Gyeongsangnam-do, donating 102 electric ranges.

Since 2019, NH Investment & Securities has been conducting a project to support electric ranges (induction cooktops) for rural village communities (village halls, senior centers) nationwide in collaboration with the NongHyup Foundation. Every year, it supports village communities with approximately 300 million KRW worth of equipment. In the first half of this year, 230 units were provided to Boeun County in Chungbuk and Uiseong County in Gyeongbuk, and in the second half, 195 units were supplied to Muju County in Jeonbuk and Sangcheong County in Gyeongsangnam-do. NH Investment & Securities will conclude this year’s support project by delivering a total of 425 induction cooktops to four counties. Previously, in 2019, 413 units and in 2020, 425 units were provided, totaling 838 electric ranges to eight counties.

NH Investment & Securities’ induction support is a social contribution project that replaces LPG gas ranges with electric induction cooktops to prevent safety accidents in rural areas at the myeon and ri levels where LPG use is frequent. The selection of support areas for this project is prioritized by applying weights based on population statistics from the Ministry of the Interior and Safety, reflecting factors such as the aging rate, the proportion of elderly living alone, absolute population numbers, and population decline trends.

Jung Yong-seok, Vice President of NH Investment & Securities, stated, "We hope that the electric range support project jointly implemented by our company and the NongHyup Foundation will contribute in a small way to improving the rural village environment and the health of the elderly in local village communities. We will continue to carry out support projects next year as well."

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