Woori Financial Group Provides 'Special Flood Recovery Financing' Support to Hinamnor-Affected Residents

Woori Financial Group is providing emergency relief kits and Woori Financial relief meal vehicles at a welfare center located in Pohang City, Gyeongbuk, an area affected by Typhoon Hinnamnor.

[Asia Economy Reporter Song Seung-seop] Woori Financial Group announced on the 7th that its major affiliates will provide financial support and emergency relief to aid in the recovery of areas affected by Typhoon Hin Nam No and to support the livelihoods of the affected residents.

Since the occurrence of damage caused by Typhoon Hin Nam No, Woori Financial Group has been providing emergency relief kits jointly produced with the Korean Red Cross. In Pohang, Gyeongbuk, which suffered severe damage, Woori Financial dispatched relief meal vehicles to support meals for affected residents and volunteers. To assist in typhoon damage recovery, the ‘Woori Together Volunteer Group,’ composed of group employees, plans to participate in on-site volunteer activities.

Additionally, the ‘Special Financial Support Plan for Flood Recovery’ announced after the heavy rain event on August 9 has been extended to allow small business owners, SMEs, and individuals affected by Hin Nam No to receive the same support. With a total financial support scale of 200 billion KRW, operating funds loans up to 500 million KRW will be provided to business operators. Facility fund loans within the recognized damage amount will be granted with a special preferential interest rate reduced by up to 1.5 percentage points. For individuals, emergency living loans up to 20 million KRW, fee reductions, and deferred installment repayment deadlines will be applied.

Customers wishing to donate can participate through the ‘Woori WON Click Donation Box’ service available on Woori WON Banking and internet banking. Donation amounts are immediately transferred to the National Disaster Relief Association and used to support disaster victims.

Son Tae-seung, Chairman of Woori Financial Group, stated, “All group companies will take the lead in swift damage recovery to greatly support the rapid recovery and return to daily life of the disaster victims.”

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