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

Shinhan Financial Group, Community Chest of Korea 'Hope 2021 Sharing Campaign' First Donation
Group Donates 10 Billion KRW and Shinhan Financial Hope Foundation 3 Billion KRW, Totaling Record 13 Billion KRW
Various Social Contribution Activities Including 'Hope Together Campaign' to Overcome COVID-19 Crisis

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

[Asia Economy Reporter Kangwook Cho] Shinhan Financial Group announced on the 1st that it visited the Community Chest of Korea located in Jeong-dong, Jung-gu, Seoul, 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 practice the group's management philosophy of supporting the socially vulnerable and fulfilling social responsibility as a corporate citizen.

This year, in addition to last year's Neighborly Love donation of 12 billion KRW, 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 the entire group.

The donated funds will be used for various social contribution projects, including 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 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 become a healthy Republic of Korea again," and added, "We will continue to do our best to fulfill the social responsibility of finance by practicing various ESG activities for sustainable management."

Meanwhile, Shinhan Financial has been carrying out various projects through the 'Hope Together Campaign,' consisting of three rounds, to support citizens struggling due to the spread of COVID-19 and to help revitalize the local economy.