Shinhan Financial builds disaster response system

The group will offer emergency living stabilization funds, loan maturity extensions, and deferring billing for card payments

Shinhan Financial builds disaster response system
Bo-Hyung Kim 1
2024-07-15 14:31:01 kph21c@hankyung.com
Banking & Finance

South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance to affected areas.

The group plans to deliver proactive and sincere financial and non-financial support through a constant response system that involves assessing the situation and executing and communicating the support measures.

Shinhan Financial has pre-arranged financial support measures and scales with its group companies, including emergency living stabilization funds, extensions of existing loan maturities and deferment of installment repayments (banks), deferment of credit card payments (cards), and deferral and installment payment of insurance premiums (life insurance).

This includes donations to non-governmental organizations (NGOs) leveraging the regional headquarters of banks with nationwide networks to support disaster relief efforts.

Write to Bo-Hyung Kim at kph21c@hankyung.com
##Shinhan Financial Group ##disaster response system ##NGO ##financial support measures ##living stabilization funds

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