Jeonbuk Bank Donates 200 Million KRW to Support Self-Reliant Youth in the Province

Support for 5 Projects Including Scholarship Program for 225 Recipients

JB Financial Group Jeonbuk Bank (President Baek Jong-il) announced on the 24th that it held a ceremony to donate 200 million KRW in sponsorship funds for the 2023 Jeonbuk Province Youth Preparing for Independence Support Project at the Jeonbuk Provincial Government Governor's Office.

Attending the ceremony were Jeonbuk Province Governor Kim Kwan-young, Director of Welfare, Women and Health Lee Song-hee, Director Jeon Sook-young of the Jeonbuk Province Independence Support Agency, Good Neighbors Jeonbuk Regional Headquarters Director Kim Kyung-hwan, Jeonbuk Bank President Baek Jong-il, Jeonbuk Bank Labor Union Chairman Jung Won-ho, Vice President Shim Kyung-sik, and Jeonbuk Provincial Government Branch Manager Kim Eun-ho, among others.

Jeonbuk Bank prepared this project to realize the social value of finance for youth preparing for independence who have lived in child welfare facilities due to the absence of guardians and whose protection ends at age 18 (or up to age 24 if they wish), entering society alone. It provides integrated support including finance, education,·medical care,·housing,·psychological and emotional support,·and employment opportunities.

On the 24th, Jeonbuk Bank held the "2023 Jeollabuk-do Independent Youth Support Project Donation Ceremony" to deliver 200 million KRW in sponsorship funds.
[Photo by Jeonbuk Bank]

Jeonbuk Bank plans to support a total of 205 youth preparing for independence annually in collaboration with the Jeonbuk Province Independence Support Agency, including ▲health checkups and medical expenses for 160 people ▲customized financial and economic education for 15 people ▲housing living expenses such as utility bills, monthly rent, and daily necessities for 15 people ▲independence mentoring by Jeonbuk Bank employees for 15 people.

Additionally, to support successful independence by providing quality jobs and employment opportunities, 20 more youth preparing for independence will be selected, and linked with the ‘JB Hope Study Room’ project conducted since 2012, learning mentoring for vulnerable children at local children’s centers will be carried out for six months.

A total scholarship of 6 million KRW will be provided to the learning mentors, which will be used as seed money for independence to help youth preparing for independence who cannot receive help from parents or family achieve practical independence.

Governor Kim said, "Let us work together to become a warm Jeonbuk Province that shares, succeeds together, and becomes independent together by reducing anxiety about social advancement through practical independence support and forming social networks that support the independence process."

President Baek stated, "I hope the sponsorship funds will serve as a catalyst to increase support and interest from the local community for youth preparing for independence in Jeonbuk Province, establishing a virtuous cycle of sharing," and added, "We will continue to return more than 10% of net profit to the local community."

Meanwhile, there are 695 youth preparing for independence in the province, and support and interest from local community organizations continue steadily. Last year, 250 million KRW in support was provided through projects such as cultural and arts education support by Hyundai Motor Jeonju Plant, learning expense support by Hanwha Pharmaceutical, scholarship support by Saemangeum Development Corporation, and food support by the Korean Red Cross.

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