Gyeonggi Credit Guarantee Foundation Donates 10 Million Won for Donghaean Wildfire Relief Fund

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Credit Guarantee Foundation has raised 10 million won in donations for the wildfire damage on the East Coast and delivered it to the Gyeonggi Province branch of the Korean Red Cross.

On the 17th, Gyeonggi Credit Guarantee Foundation announced that it had delivered 10 million won in donations to the Gyeonggi Province branch of the Korean Red Cross to support the early recovery of the wildfire-affected areas on the East Coast, including Uljin in Gyeongbuk and Gangneung and Samcheok in Gangwon, which were designated as special disaster zones due to the wildfires.

Previously, Gyeonggi Credit Guarantee Foundation voluntarily held a fundraising event to deliver hope to the victims who lost their homes due to the sudden wildfires and to fulfill its social responsibility as a public institution by promoting a culture of sharing and leading ESG (Environmental, Social, and Governance) management.

Lee Min-woo, Chairman of Gyeonggi Credit Guarantee Foundation, said, "I sincerely offer my condolences to the victims suffering from the sudden large-scale wildfires. I hope that the sincerity collected by the foundation’s executives and employees will be of some help to the local residents, and Gyeonggi Credit Guarantee Foundation will continue to take the lead in fulfilling its social responsibilities."

Meanwhile, according to the Korea Forest Service, the estimated damage area from this wildfire is 20,923 hectares, which is about 35% of the total area of Seoul. A total of 319 houses, 139 agricultural and livestock facilities, 154 factories and warehouses, and 31 religious facilities were destroyed.