Woori Financial Group Donates $100,000 to Support Typhoon Relief in the Philippines... Leading 'Global ESG Management'

[Asia Economy Reporter Kim Jin-ho] Woori Financial Group announced on the 10th that it will provide an emergency support of USD 100,000 (approximately KRW 120 million) to assist with local recovery efforts in the Philippines, which is struggling due to the super typhoon Rai.

Typhoon Rai struck with a maximum instantaneous wind speed of 270 km/h, causing approximately 400 deaths, over 1,100 injuries, and destroying more than 500,000 buildings.

In response, Woori Financial Group decided to urgently donate USD 100,000 to the Asia branch of United Way, the world's largest charitable fund organization, as an act of humanity toward international disasters. The donation will be used to provide repair kits for collapsed houses and buildings, as well as daily necessities and food supplies for displaced victims currently living in temporary shelters.

Son Tae-seung, Chairman of Woori Financial Group, said, "We hope the people of the Philippines can return to their daily lives as soon as possible," and added, "Going forward, Woori Financial Group will continue to promptly cooperate in international disaster recovery efforts, practicing humanity and global ESG management."

Meanwhile, Woori Financial Group has a local subsidiary in the Philippines, Woori Wells Bank Philippines. Established in 2015, Woori Wells Bank Philippines is headquartered in Cebu and has expanded its network throughout the country, currently operating 25 branches.

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