iM Financial Group Donates 300 Million Won for Flood Recovery Efforts

Special Preferential Interest Rates
Emergency Living Stabilization Funds Also Provided

On July 24, iM Financial Group announced that it had donated 300 million won to support the prompt recovery of areas affected by flood damage and to help residents return to their daily lives.

The funds were raised through donations from group affiliates and the "1% of Salary Love Sharing" fund contributed by employees. On July 17, the group also provided emergency support, including meals for volunteers involved in flood recovery efforts in Buk-gu, Daegu.

iM Bank, an affiliate of the group, plans to provide new loans totaling 200 billion won and special preferential interest rates of up to 1.5% to small and medium-sized enterprises and small business owners whose damages have been confirmed. For individuals affected by the disaster, the bank will offer emergency living stabilization loans totaling 100 billion won and preferential interest rates based on credit ratings to reduce financial burdens. In total, emergency loans amounting to 300 billion won will be made available.

Hwang Byungwoo, Chairman of iM Financial Group, stated, "All of our group companies will do their utmost to provide generous support and come together to help residents recover their daily lives and restore the affected areas following the extreme heavy rainfall."

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