Hanwha Group Donates 1 Billion KRW for Gangneung Wildfire Damage Recovery Fund

Donation to the National Disaster Relief Association

Hanwha Group will donate 1 billion KRW in relief funds to support the recovery from the wildfire damage in the Gangneung area of Gangwon Province.

Hanwha Group announced on the 17th that it will donate funds to support the rapid recovery of the wildfire damage site and assist the residents of the affected area, where the damage caused by the wildfire in Gangneung, Gangwon Province is severe. Four companies, including Hanwha Solutions, Hanwha Aerospace, Hanwha Life Insurance, and Hanwha General Insurance, will participate in the donation. The funds will be delivered to the Hope Bridge National Disaster Relief Association.

Hanwha Life Insurance will defer insurance premium payments and loan principal and interest repayments for six months for customers affected by the wildfire. They will also expand convenience for accident insurance claim submissions to ensure prompt payment of insurance benefits.

Kim Seung-yeon, Chairman of Hanwha Group [Photo by Hanwha Group]

Hanwha Group practices shared management for co-growth with local communities by supporting affected residents during disasters such as floods, wildfires, and earthquakes, as well as socially marginalized groups, to overcome difficult economic conditions. Hanwha Group Chairman Kim Seung-yeon also emphasized in this year’s New Year’s address, “Let us actively fulfill the corporate responsibility to raise the temperature of our society.”

In the past, Hanwha Group has donated funds during events such as the 2017 Gyeongbuk-Pohang earthquake, the 2019 Gangwon wildfire, the 2020 heavy rains, the 2022 Uljin-Samcheok-Gangneung wildfires, and the 2022 floods caused by heavy rains. Every year at the end of the year, they donate funds to the Community Chest of Korea, and last year’s year-end ‘Hope 2022 Sharing Campaign’ saw a donation of 4 billion KRW.

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