Taking the Lead in Supporting Rapid Recovery of Daily Life for Residents in Affected Areas
iM Bank Provides Management Stabilization Funds and Special Preferential Interest Rates
iM Financial Group (formerly DGB Financial Group) announced on the 27th that it has donated 300 million KRW to support the recovery from the wildfire damage that occurred since last weekend and to assist the affected residents in returning to their daily lives. An emergency support program, including financial aid, will also be implemented.
Its major affiliate, iM Bank, will provide emergency management stabilization funds of 200 billion KRW and special preferential interest rates within 1.5% for residents in the affected areas. Additionally, extensions of existing loan maturities and principal deferrals for installment repayments will be offered for up to 12 months. iM Capital will support principal deferrals and maturity extensions for credit and secured loans, installment payments, and leases. iM Life will actively provide financial support such as deferrals of insurance contract loan principal and interest repayments, premium payment deferrals, and priority processing of insurance claims.
Earlier, an emergency relief volunteer group composed of iM Financial Group and iM Bank employees visited the Uiseong Gymnasium, designated as a temporary shelter for disaster victims, to directly deliver relief supplies such as rice, ramen, bread, beverages, and sleeping bags to residents struggling due to the wildfire damage. They plan to continue providing support and volunteer activities.
Hwang Byung-woo, Chairman of iM Financial Group, stated, “All group companies will unite in spirit and resources to do their best to support the rapid recovery of daily life and damage restoration for the residents suffering from the large-scale wildfire damage.”
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