Hanwha Donates 1 Billion Won for Recovery in Areas Affected by Heavy Rainfall

Hanwha Group will donate 1 billion KRW in relief funds to support the rapid recovery of areas affected by the heavy rain.

Six companies including Hanwha Corporation, Hanwha Solutions, Hanwha Aerospace, Hanwha Systems, Hanwha Life Insurance, and Hanwha General Insurance will deliver the funds to the Hope Bridge Korea Disaster Relief Association.

Additionally, Hanwha Life Insurance and Hanwha General Insurance will defer insurance premium payments and loan principal and interest repayments for six months for customers affected by the heavy rain. Support will also be available if the spouse or direct lineal ascendants or descendants have suffered damage. Furthermore, they will expand convenience in accident insurance claim submissions to ensure prompt payment of insurance benefits.

Hanwha Group practices shared management for co-growth with local communities by supporting disaster victims and socially marginalized groups during difficult economic times, including in cases of floods, wildfires, and earthquakes. The group has previously donated funds in response to damages caused by the 2017 Gyeongbuk-Pohang earthquake, the 2019 Gangwon wildfires, the 2020 heavy rain, the 2022 Uljin-Samcheok-Gangneung wildfires, the 2022 heavy rain, and the 2023 Gangneung wildfires.

Hanwha Group Chairman Kim Seung-yeon emphasized in this year’s New Year’s address, "Let us actively fulfill the corporate responsibility to raise the temperature of our society."

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