Korea Federation of Banks to Donate 400 Million Won Worth of White Rice to Vulnerable Groups Nationwide

A Tradition of Sharing for 20 Years
Donation Planned Again This Year

The Korea Federation of Banks announced on November 3 that, in celebration of the year-end, it plans to donate 400 million won worth of white rice to the Korean Red Cross through its flagship social contribution initiative, the "Bank Love Sharing Network."

The Bank Love Sharing Network is a collaborative social contribution activity between the Korea Federation of Banks and the Korean Red Cross, which has been consistently carried out every year at the end of the year for 20 years since 2006. Until last year, it provided basic necessities such as white rice worth approximately 13.2 billion won to a total of 381,701 vulnerable households.

Since 2022, reflecting a donation culture centered on communication and participation, the Korea Federation of Banks has also been running the "Anyone Can DIY Donation Campaign," an online fundraising campaign through its social contribution platform BANKiT.

This campaign will run for about a month, from today until December 5. Anyone can participate in the donation simply by liking, sharing, or commenting.

For each "like" or "share" clicked in the online donation box on BANKiT, 10,000 won will be donated, and for each comment written, 20,000 won will be contributed from banking sector funds, realizing a participatory sharing culture created together with the public.

Cho Yongbyung, Chairman of the Korea Federation of Banks, stated, "We hope that the banks’ warm sharing will bring warmth throughout our society and become a seed of hope for neighbors in need. The Korea Federation of Banks will continue to fulfill its social responsibilities together with the banks and promote a culture of sharing that is easy for the public to participate in by utilizing the newly launched BANKiT app."

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