Hahn & Company Donates 2 Billion KRW for Flood Relief and Recovery
Emergency Relief for Flood Victims with 13 Portfolio Companies
Fulfilling Social Responsibility as a Leading Domestic PEF Management Firm
"Will Join Efforts to Overcome Crises During Large-Scale Disasters"
On July 25, Hahn & Company, a leading private equity fund (PEF) management firm in Korea, announced that it would donate 2 billion KRW to support residents affected by the nationwide heavy rainfall.
Hahn & Company, together with its portfolio companies, contributed a total of 2 billion KRW to the Hope Bridge Korea Disaster Relief Association. The donation will be used to provide emergency relief supplies to flood victims and to support the prompt recovery of affected areas.
This donation included the participation of all 13 companies in which Hahn & Company has invested: Namyang Dairy Products, Korean Air C&D Service, Lahan Hotel, Cynosure Lutronic, Solmics, Ssangyong C&E, H-Line Shipping, Npulse, K Car, Coavis, SK Microworks, SK Specialty, and SK Shipping (listed in alphabetical order).
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Hahn & Company stated, "As a leading PEF management firm in Korea, we decided to make this donation to fulfill our social responsibility," and added, "We also plan to actively participate in social efforts to overcome crises in the event of large-scale disasters in the future." A representative from Hahn & Company said, "We prepared this donation to sincerely comfort our neighbors who are going through difficult times due to the sudden disaster," and expressed hope that "it will help them return to their daily lives as soon as possible."
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