Shinhan Financial Group Donates 13 Billion KRW in Neighborly Love Fund to Community Chest of Korea

Shinhan Financial Group visited the Community Chest of Korea located in Jeong-dong, Jung-gu, Seoul on the 1st and donated 13 billion KRW as the first donor of the 'Hope 2021 Sharing Campaign' to support love for neighbors. Participants are taking a commemorative photo at the donation ceremony. From the left in the photo: Cho Yong-byeong, Chairman of Shinhan Financial Group, and Ye Jeong-seok, Chairman of the Community Chest of Korea. Photo by Ye Jeong-seok

Asia Economy Reporter Lee Cho-hee] Shinhan Financial Group visited the Community Chest of Korea located in Jeong-dong, Jung-gu, Seoul on the 1st and delivered 13 billion KRW in Neighborly Love donations as the first donor of the 'Hope 2021 Sharing Campaign.'

Since 2002, Shinhan Financial has donated a total of 102.7 billion KRW to the Community Chest of Korea to support socially vulnerable groups and fulfill its social responsibilities as a corporate citizen, in line with the group's management philosophy.

This year, in addition to last year's 12 billion KRW Neighborly Love donation, the group donated a record-high amount of 13 billion KRW together with the Shinhan Financial Hope Foundation as part of the 'Hope Society Project,' a social contribution program involving all group companies.

The donated funds will be used for various social contribution projects such as supporting the revitalization of local economies affected by COVID-19, financial education programs, strengthening the independence of people with disabilities, and elderly care activities.

Additionally, the Shinhan Financial Hope Foundation plans to actively promote projects in collaboration with the Community Chest of Korea to reduce childcare burdens for dual-income couples and support the safe living of children in need of care.

At the donation ceremony, Chairman Cho Yong-byeong stated, “I hope that through warm sharing practices, we can overcome the COVID-19 crisis and return to a healthy Republic of Korea,” and added, “We will continue to do our best to fulfill the social responsibilities of finance by practicing various environmental, social, and governance (ESG) activities for sustainable management.”