Hana Bank Strengthens 'ESG Management' by Supporting Foreign Workers

Hana Bank announced on the afternoon of the 29th that it signed a "Humanitarian Support Agreement for Korean Workers" with the Human Resources Development Service of Korea at the Hana Bank headquarters in Euljiro, Jung-gu, Seoul, to practice ESG management. In the agreement ceremony, Park Seong-ho, President of Hana Bank (left in the photo), and Eo Su-bong, Chairman of the Human Resources Development Service of Korea (right in the photo), are taking a commemorative photo.

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 30th that it has signed a "Business Agreement for Humanitarian Support for Foreign Workers" with the Human Resources Development Service of Korea (HRD Korea) to practice ESG (Environmental, Social, and Governance) management.

The agreement, held at Hana Bank's headquarters in Euljiro, Seoul, was established to practice ESG management by contributing to strengthening the social safety net for the human rights of foreign workers through expanding humanitarian support for foreign workers residing in Korea, in collaboration with HRD Korea.

Through this agreement, Hana Bank will support costs exceeding the scope of HRD Korea's assistance for foreign workers who have died while residing in Korea, providing up to KRW 1 million per person, with an annual maximum of KRW 20 million through the Hana Financial Sharing Foundation.

Additionally, Hana Bank will provide financial education to ensure foreign workers do not face inconveniences in their daily lives in Korea, covering topics such as using banking services, overseas remittances, methods for receiving maturity insurance payments upon departure, and prevention of financial fraud. Hana Bank plans to continuously expand cooperation with HRD Korea to support the economic and financial capabilities of foreign workers and provide humanitarian assistance.

Park Sung-ho, CEO of Hana Bank, stated, "We have spared no effort in providing various support to enhance the financial convenience and capabilities of foreign workers," adding, "We will fulfill our social responsibilities by expanding ESG management activities through active support for social contribution activities in the future."