Hanwha Group Donates 1 Billion KRW for Relief Fund for 'Donghaean Wildfire'

Participation of 6 Affiliates... Insurance Premium Payment for Affected Customers, 6-Month Grace Period for Principal and Interest Repayment, etc.

Chairman Seung-yeon Kim of Hanwha Group. (Photo by Hanwha)

[Asia Economy Reporter Moon Chaeseok] Hanwha Group announced on the 7th that it plans to donate 1 billion KRW to the Hope Bridge Korea Disaster Relief Association to support the recovery from forest fire damage and aid disaster victims in the East Coast regions, including Uljin-gun, Gyeongsangbuk-do, and Samcheok-si, Gangwon-do.

Six affiliates, including Hanwha Corporation, Hanwha Solutions, Hanwha Total, Hanwha Life Insurance, Hanwha Construction, and Hanwha General Insurance, will participate in the donation. In particular, Hanwha Life Insurance will not only donate funds but also defer insurance premium payments, principal, and interest repayments for six months for customers affected by the forest fires. Additionally, if insurance claims are made due to hospitalization from the fire incident, claims can be easily submitted through non-face-to-face channels (mobile, website, fax) and financial planners (FPs) for six months from the date of the incident, with prompt payment of insurance benefits planned.

Hanwha Group donated 1 billion KRW during the 2017 Pohang earthquake in Gyeongbuk. In 2019, during the Gangwon forest fire damage, it contributed 500 million KRW and dispatched a volunteer group of 600 employees to assist with facility restoration work. In 2020, it donated 1 billion KRW during the heavy rains. At the end of last year, it contributed 4 billion KRW to the Community Chest of Korea's 'Hope 2022 Sharing Campaign,' which was 1 billion KRW more than in previous years.

Hanwha Group Chairman Kim Seung-yeon emphasized in this year's New Year's address, "Let us actively practice the value of sharing so that ESG (Environment, Social, Governance) management, which has taken root within us, and the philosophy of 'Together Far' spread under the name of first-class Hanwha."

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