Annual Donation of 100 Million Won to Disaster-Vulnerable Groups... Sonbo Association Partners with Korean Red Cross

Non-life insurance companies will each donate 100 million KRW to support vulnerable groups affected by disasters such as wildfires and typhoons.

The Non-life Insurance Social Contribution Council announced on the 17th that it held a signing ceremony for the "Emergency Disaster Relief Fund Support Project" at the General Insurance Association of Korea in Jongno-gu, Seoul, together with the Korean Red Cross.

The Non-life Insurance Social Contribution Council is a consultative body composed of the General Insurance Association and CEOs of 19 non-life insurance companies to practice social responsibility and activate social contribution activities in the non-life insurance sector.

This support project will be operated using the social contribution fund established last month by the Non-life Insurance Social Contribution Council to support vulnerable groups. For five years, 100 million KRW will be donated annually to the Korean Red Cross's emergency relief fund to assist disaster victims and vulnerable groups affected by wildfires, typhoons, and other disasters.

Jung Ji-won, chairman of the Non-life Insurance Social Contribution Council (President of the General Insurance Association), stated, "The non-life insurance industry will continue to actively support and participate in disaster crisis response and strive to fulfill its role as a social safety net."

Jiwon Jeong, President of the General Insurance Association (left), and Heeyoung Shin, President of the Korean Red Cross, signed an agreement and took a commemorative photo on the 17th at the General Insurance Association in Jongno-gu, Seoul. (Photo by General Insurance Association)

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