Gwangju Bank Donates Sponsorship Funds to Support Housing Stability for Young Adults Preparing for Independence in Jeonnam
Gwangju Bank signed a business agreement to support housing welfare for young adults preparing for independence in the Jeonnam region and donated 9 million won in sponsorship funds. Photo by Gwangju Bank
View original imageGwangju Bank announced on September 11 that it had signed a business agreement to support housing welfare for young adults preparing for independence in the Jeonnam region and delivered 9 million won in sponsorship funds.
The signing ceremony, held at the Jeonnam Provincial Government building on the same day, was attended by Kim Jonghun, Vice President of Gwangju Bank; Jang Chungmo, President of Jeonnam Development Corporation; Myung Changhwan, Administrative Vice Governor of Jeonnam Provincial Government; Moon Sungyoon, Director of the Jeonnam Independence Support Agency; and other related officials.
This sponsorship was arranged to support a stable housing environment for "young adults preparing for independence," who leave child care facilities or group homes and begin living on their own after turning 19, when protection ends. Gwangju Bank joined this initiative in support of the housing stability social welfare project promoted by Jeonnam Development Corporation.
Gwangju Bank will provide funding for the purchase of essential household items, Jeonnam Development Corporation will oversee the supply and cooperation projects utilizing public rental housing, and the Jeonnam Independence Support Agency will manage the selection of residents. Together, they plan to establish a cooperative system.
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Vice President Kim Jonghun stated, "It is very meaningful to be able to support young adults preparing for independence in the Jeonnam region so that they can settle into society stably and grow as healthy members of the community," adding, "We will continue to cooperate with Jeonnam Development Corporation to be a strong support for young people and become a bank that grows together with the local community through various public-private partnership models."
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