Hana Financial Group Donates 1 Billion KRW for Wildfire Relief in Gangwon and Gyeongbuk... Financial Support Provided

[Asia Economy Reporter Bu Aeri] Hana Financial Group announced on the 6th that it will donate 1 billion KRW to support wildfire damage relief efforts in the Gangwon and Gyeongbuk regions.

Hana Financial will donate 1 billion KRW to the Community Chest of Korea for relief activities and damage recovery for disaster victims, and will support 1,500 sets of Happiness Boxes containing relief supplies and daily necessities.

Hana Bank, a major affiliate, will provide various financial supports for individuals, small and medium-sized enterprises, and individual business owners affected by the wildfire damage.

Hana Bank will provide new funds totaling up to 200 billion KRW, including emergency living stabilization loans of up to 50 million KRW per individual affected by the wildfire, and management stabilization loans of up to 500 million KRW per SME.

Hana Card will offer financial support such as up to 6 months' payment deferral and installment repayment for credit card payments to customers affected by the wildfire. Additionally, it will provide a 30% discount on fees for long- and short-term card loans used within 6 months after the wildfire damage date.

Hana Life Insurance will allow up to 6 months' deferment for insurance premium and policy loan interest payments, and will expedite insurance claim payments related to wildfire damage incidents as quickly as possible.

Hana General Insurance will provide financial support such as advance payment of up to 50% of estimated insurance claims even before the accident investigation is completed for wildfire-related claims, and up to 6 months' premium payment deferment for long-term insurance policyholders affected by the wildfire.

Kim Jung-tae, Chairman of Hana Financial Group, stated, "We will do our best to ensure that the affected areas are quickly restored and that those affected can return to a stable life as soon as possible."

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