Saemaeul Geumgo Donates 500 Million Won in Relief Funds for Wildfire Damage Recovery

Support for Emergency Living Stabilization Funds,
Loan Maturity Extensions, and Repayment Deferrals

The National Credit Union Federation of Korea announced on the 25th that it will donate 500 million won to the National Disaster Relief Association to support residents affected by the wildfires that occurred on the 21st in the Yeongnam region, including Sancheong in Gyeongnam, Uiseong in Gyeongbuk, and Ulju in Ulsan.

This relief fund will be used for aid activities for disaster victims and support for recovery efforts in the fire-affected areas.

Additionally, to alleviate the financial burden on residents in the affected areas, emergency living stabilization funds, loan maturity extensions, and repayment deferrals will be provided. Premium payment deferrals and prompt insurance payouts will also be made upon request from residents in the affected regions.

Earlier, immediately after the wildfire outbreak, on the 22nd, the National Credit Union Federation of Korea urgently provided 336 relief kits to disaster victims in Hadong County, Gyeongnam, and on the 24th, an additional 336 relief kits were supplied to Uiseong County, Gyeongnam, totaling 672 kits.

Kim In, Chairman of the National Credit Union Federation of Korea, stated, "We hope to be a small help for residents in the affected areas to return to a safe daily life," and added, "The National Credit Union Federation of Korea and credit unions will continue to promptly participate in recovery and relief activities whenever disasters occur nationwide."

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